Question

The central bank of the United States is called:

A. Federal Reserve
B.Treasury Department
C.Central Banking System
D.National Bank

Answer 1

The central bank of the United States is called the Federal Reserve. It conducts monetary policy and regulates banks.

Step-by-step explanation:

The central bank of the United States is called the Federal Reserve. It is the central banking system in the country and is responsible for conducting monetary policy, supervising and regulating banks, and maintaining the stability of the financial system.

Established in 1913, the Federal Reserve consists of a network of 12 regional Federal Reserve Banks and the Board of Governors. It controls the nation's money supply through its control over interest rates and the buying and selling of government securities.

Some of the functions of the Federal Reserve include controlling inflation, promoting full employment, and ensuring the stability of the financial system.