Is the fed responsible for central bank for country's money?

Question

Social Studies

Ezekiel

11 February, 13:24

Is the fed responsible for central bank for country's money?

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Answers (1)

Know the Answer?

Kaitlin · Answer 1

Yes they are

Explanation:

Central banks are responsible for controlling the monetary policy of their countries. Essentially, this means that one of their key jobs is to manipulate the money supply in that country to meet its economic goals (such as market growth). (commonly referred to as "the Fed").