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13 February, 14:24

Which of the following is not a part of the Federal Reserve system?

Federal Open Market Committee

Reserve Banks

Board of Governors

U. S. Department of Treasury

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Answers (1)
  1. 13 February, 14:26
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    The correct answer is U. S. Department of Treasury.

    Explanation:

    The Department of the Treasury is not a part of the Federal Reserve, but instead, both entities work together to maintain the country's economy.

    The Department of the Treasury is in charge of printing money, collecting taxes, and interacting on financial advice with the president. This department was created in 1789, even before the federal reserve appeared in 1913.

    The Federal Reserve acts as the country's lender, granting credits, balancing the economy, and maintaining the value of money.
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