Which of the following is solely responsible for determining changes in the money supply in the United States?

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for determining changes in the money supply through its control of monetary policy. The FOMC is a committee within the Federal Reserve System, which is responsible for overseeing the nation's monetary policy and regulating banks and financial institutions. The U.S. Treasury, Comptroller of the Currency, and the chairman of the Federal Reserve all play important roles in the nation's financial system, but they are not solely responsible for determining changes in the money supply.

Which of the Following Is Solely Responsible for Determining Changes