QUESTION IMAGE
Question
- what organization helps to control the u.s. money supply?
a. the white house
b. the world bank
c. the federal reserve
d. the internal revenue service
Brief Explanations
- Option a: The White House is the official residence and workplace of the U.S. President, focusing on general governance and policy - making, not money supply control.
- Option b: The World Bank provides loans and grants to countries for development projects, not for controlling a single country's (the U.S.) money supply.
- Option c: The Federal Reserve (the Fed) is the central banking system of the United States. One of its main functions is to conduct monetary policy to control the money supply, such as through open - market operations, setting reserve requirements, and adjusting the discount rate.
- Option d: The Internal Revenue Service (IRS) is responsible for collecting taxes and enforcing tax laws, not for money supply control.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
c. The Federal Reserve