Why does the author discuss the function of the U.S.
Treasury Department?
(A) to examine the purpose of the 1913 Federal Reserve Act
(B) to note the influence of Hamilton in creating the U.S.
Treasury
C) to point out its differences from the Federal Reserve
(D) to explain the limitations of presidential and
congressional power.

The function of the U.S. Treasury Department is crucial to understanding the financial and economic structure of the United States. Established in 1789 to manage government revenue, its influence extends to formulating economic policies, issuing currency, and representing the country in financial affairs. This background highlights its role as a key player in the nation’s fiscal health and monetary stability.

In contrast, the Federal Reserve plays a distinct role as the central banking system responsible for regulating the money supply and interest rates, independent from direct governmental control. This separation underscores a critical dynamic in U.S. governance, illustrating how both institutions collaborate and differ in steering the nation’s economy, thus making their unique functions essential for informed political and economic discussions.