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I should know this answer the Federal Reserve is the only bank that is allowed to issue the money that we use today! it is the only bank that is allowed to issue te money that we use today!! == That power was specifically reserved to Congress in the Constition. Giving that power to the Fed and not auditing them and allowing them to operate in secret is an abication of that Constitutional duty.

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16y ago

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Is the US federal reserve illegal?

No. The US Federal Reserve is very much legal. It is an integral part of the largest economy in the world. The Federal Reserve oversees the banking operations in USA and ensures that the economy is going the best way possible.


To manage the growth of the US economy?

Federal reserve Bank


What primarily determines the supply of money in the US economy?

Federal reserve


What is The supply of money in the US economy determined primarily b?

Federal Reserve


What bank other than the current Federal Reserve Banking System was given power by the government to control the US economy?

Bank of China. (CBC)


Which of these is primarily responsible for the control of the money supply in the US?

The Federal Reserve


In order to decrease the number of dollars in the US economy the Federal Reserve would have to sell or buy government bonds?

To decrease the number of dollars in the US economy, the Federal Reserve would need to sell government bonds. When the Fed sells bonds, it takes money out of circulation as buyers pay for these bonds, effectively reducing the money supply. This action can help control inflation and stabilize the economy.


What does not describe the selling of US treasury bonds by the federal reserve?

It releases new money into economy


Which policy is the responbiliy of the federal reserve system to contribute to the strength and vitality of the US economy?

monetary policy


What policy relates to this statement It is the responsibility of the Federal Reserve System to contribute to the strength and vitality of the US economy.?

The Federal Reserve Act's policy is to consider the American economy above all official decisions. Founded in December 1913, it is what balances if not drives the Federal Reserves System.


How does the federal reserve system control the fiscal policy of the US?

The fiscal agents of the U.S Treasury is the federal reserve system. They control and monitor the amount of money the private bank has at disposal for paying debts and lending out.


How many federal reserve districts did the Federal Reserve Act divide the US into?

There are twelve Federal Reserve districts in the U.S.