The Federal Reserve acquires its exclusive powers through its ability to:
A) tax individuals and firms.
B) stop economic recessions.
C) issue money.
D) make loans.

Question

Quizplus · Accepted Answer

The Federal Reserve has the exclusive power to issue money, which includes the creation and distribution of paper currency and coins, as well as the management of the money supply through monetary policy. The other options listed, such as taxing individuals and firms or stopping economic recessions, are not exclusive powers of the Federal Reserve.

The Federal Reserve Acquires Its Exclusive Powers Through Its Ability