Which of the following is (are) responsible for managing the money supply in the United States? A. the Federal Open Market Committee B. the Board of Governors C. the Federal Reserve Bank of New York D. the twelve Federal Reserve Banks

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Agustin Caldwell

24 January, 12:55

Which of the following is (are) responsible for managing the money supply in the United States? A. the Federal Open Market Committee B. the Board of Governors C. the Federal Reserve Bank of New York D. the twelve Federal Reserve Banks

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Owen Carroll · Answer 1

D. the twelve Federal Reserve Banks

Explanation:

The supply of money within an economy is done by the Central Bank of a country

In the United States this central bank is called the Federal Reserve.

The Federal Reserve are in twelve locations: New York, Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St Louis, Minneapolis,. Kansas City, Dallas, and San Francisco.

The Federal Reserve uses the following tools to regulate money supply in the economy: interest rate, open market operations, and compulsory reserve deposits by banks.