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What backs the money supply in the united states
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18 votes
18 votes
What backs the money supply in the united states

User Elmonkeylp
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26 votes

The Federal Reserve

The Federal Reserve, as America's central bank, is responsible for controlling the supply of U.S. dollars. The Fed creates money by purchasing securities on the open market and adding the corresponding funds to the bank reserves of commercial banks.

User Iancu
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