Question

Why is the Federal Reserve managed under the oversight of the federal government?


The Fed is responsible for printing and coining money.

The Fed is responsible for collecting income taxes.

The Fed is responsible for the government’s money.

The Fed is responsible for paying off government debt.


(The first option isn't correct I tried that one)


EDIT: The answer is
The Fed is responsible for the government’s money.

Answer 1

Answer:

Correct Answer:

The Fed is responsible for the government’s money.

Explanation:

The running of a country is a function of the expenditures and the revenues which the country has. This actions could be managed through series of agencies in which one of them is the Federal Reserve.

The Federal Reserve is concerned with the management of the governments' money which came in form of revenues generated. Since part of this money is what is spent in carrying out, capital and recurring based expenses, it falls under the control of the government.