Which of the following serves as the central bank for the United States?

Athe Federal Reserve System
Bthe Treasury Department
Cthe Federal Deposit Insurance Corporation
Dthe Congress

Verified Answer :

The correct answer is, clearly, ‘A’.
It is, indeed, the Federal Reserve System the corresponding authority in charge
of all the main national central bank functions. This particular central
banking has been legally established and, therefore, on duty since 1913.
Logically, the System has got more powerful throughout the century (among other
causes, because of the imperative need to take care of the 1929’s financial
crisis).