The central bank in the United States is the:
A) Bank of America.
B) U.S. Treasury.
C) U.S. National Bank.
D) Federal Reserve.

Question

Quizplus · Accepted Answer

The Federal Reserve is the central bank of the United States, responsible for implementing monetary policy, supervising and regulating banks, and maintaining financial stability in the country. Bank of America is a private commercial bank and has no association with the central bank. The U.S. Treasury is a government agency responsible for fiscal policy, such as revenue collection and government spending, but not monetary policy. The U.S. National Bank does not exist.

The Central Bank in the United States Is The