Control of the nationʹs quantity of money is handled by
A) Congress, the Federal Reserve System, and all commercial banks.
B) Congress.
C) the Federal Reserve System.
D) the President of the United States.

Question

Quizplus · Accepted Answer

The Federal Reserve System handles the control of the nation's quantity of money through various actions such as adjusting interest rates, implementing monetary policy, and regulating banks. While Congress has some oversight over the Federal Reserve System, they do not directly control the quantity of money. Commercial banks also play a role in the money supply through their lending and borrowing activities, but ultimately the Federal Reserve System is the main authority in this area. The President of the United States also does not directly control the quantity of money.

Control of the Nationʹs Quantity of Money Is Handled by