Answered: who held the power to create money

Social Science

Political Science

who held the power to create money

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who held the power to create money

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Step 1

Introduction:

Money is the essential need of every citizen to fulfil his/her basic needs. There is an amount fixed for every essential and luxurious item which would be required to sustain life. Money reaches the public in the form of currency like the US $ etc.

In the United States, the Federal Reserve, which is States National Bank is responsible for circulation of the money in the form of currency within the entire nation. The Federal Reserve gains access to the currency in the form of open-market economy system.