Write a paper that addresses how the Federal Reserve Bank creates currency. The Fed finances the debt of the federal government by loaning money to the federal government. The currency created is fiat currency since it not backed by any assets. The currency is backed only by the full faith and credit of the U.S.

Answer rating: 100% (QA)

Title The Federal Reserves Role in Creating Fiat Currency Introduction The Federal Reserve Bank often referred to as the Fed plays a crucial role in t... View the full answer