The Role of Government in Finance

As a child, you may have wondered why you couldn’t just print more money when you needed it. As an adult, you may understand the reasons why printing money would be detrimental to our economy. what is your understanding of the agency that regulates the US money supply and what their job entails? How would you do as the Federal Chairperson?

Answer preview

The agency that controls the money supply in the United States is the Federal Reserve System. This agency controls the amount of money in quantity in the U.S economy through fluctuating interest rates to enhance a stable economy and financial system. The job of the Federal system reserve entails controlling monetary policies by stabilizing prices and ensure that the long-term interest rates are moderate…

 

(350 words)