What's the difference between the Treasury Department and the Federal Reserve?
- Anonymous5 years agoFavorite Answer
Department of the Treasury is perhaps best known for its role in collecting taxes and managing government revenue, its official mission is to "serve the American people and strengthen national security by managing the U.S. government's finances effectively, promoting economic growth and stability and ensuring the safety, soundness and security of the U.S. and international financial systems."
The Federal Reserve System serves as the central bank of the U.S., with a mandate to "keep our money valuable and our financial system healthy." Its primary method of accomplishing this task is through its influence on monetary policy.
- xpatinasiaLv 75 years ago