Monetary policy is directly under the control of the U.S.Department of the Treasury.
Level of Learning 1: Knowledge of key terms

Question

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Monetary policy is actually under the control of the Federal Reserve System (also known as the "Fed"), which is an independent agency of the federal government. The U.S.Department of the Treasury is responsible for managing the government's finances and does not directly control monetary policy.

Monetary Policy Is Directly Under the Control of the U