The federal reserve is a division of the treasury department

The Federal Reserve is a division of the Treasury Department. The Department of the Treasury works together with the Federal Reserve to hep the United States government maintain good economic standing. Together, both organizations strive to achieve more and bring in more revenue for our economy.

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holesstanham holesstanham · Answer 2 · 2020-02-07T16:06:42+01:00

Answer:

False

Explanation:

The Federal Reserve is not a division of the Treasury Department. The Federal Reserve System is the central banking system of the United States. The Federal Reserve was created in order to bring some level of control to the monetary system. The main goals of the Federal Reserve are maximizing employment, stabilizing prices and moderating long-term interest rates. On the other hand, the Treasury Department is an executive department of the federal government.