Which of the following serves as the central bank of the United States?
A) the Federal Reserve System
B) the Treasury Department
C) the Federal Deposit Insurance Corporation
D) the Congress

Question

Quizplus · Accepted Answer

The Federal Reserve System serves as the central bank of the United States. The Treasury Department manages the government's finances and debt, the Federal Deposit Insurance Corporation insures deposits made by individuals in banks, and Congress legislates on various financial matters, but none of these entities function as the central bank of the country.

Which of the Following Serves as the Central Bank of the United