Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate?
A) The Fed is an agency of the U.S. Treasury Department that has the responsibility of collecting tax receipts for the IRS.
B) The Fed manages the U.S. money supply and interest rates.
C) The Fed is the primary government agency involved in carrying out our nation's fiscal policies.
D) The Fed is the agency of the government that ensures the U.S. maintains enough gold reserves to pay any foreign debts that result from international trade.

Question

Quizplus · Accepted Answer

The Fed operates as a semi-private organization that has the goal of keeping the economy growing without causing inflation. It does this by managing the supply of money and interest rates.

Which of the Following Statements About the Federal Reserve Bank