Answer :
The American central bank is known as the Federal Reserve System. It is often referred to as the Fed and is regarded as the most important economic organization in the world.
The management of the total outstanding supply of dollars and dollar equivalents is one of the main duties outlined in the Fed's charter. That implies that the Fed is in charge of the decisions that generate or consume billions of dollars every day. Despite having the responsibility of controlling the money supply, the contemporary Federal Reserve System does more than just print new paper money. Of course, printing of actual money does take place (with the help of the U.S. Department of the Treasury). However, commercial banks are digitally debited and credited for the great bulk of the money supply in America. Furthermore, once the banks lend those fresh balances to the larger economy, actual money creation occurs.
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