US Department of the Treasury

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10 Terms

1
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What is the primary responsibility of the US Treasury?

Manages federal finances by collection taxes and paying bills.

2
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What does the US Treasury manage regarding government finance?

Manages currency, government accounts, and public debt (US Treasury securities).

3
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What bureau prints US currency notes?

Bureau of Engraving and Printing (BEP).

4
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How does the Bureau of Engraving and Printing (BEP) receive print orders?

BEP receives print orders from the Federal Reserve Board (the Fed).

5
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What are Federal Reserve Notes commonly referred to as?

Greenbacks.

6
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What was unique about the $100,000 note issued between 1934-1935?

It was never publicly circulated and issued only in the form of a gold certificate.

7
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What was the highest US dollar note ever made for public circulation?

$10,000 note.

8
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Which bureau produces US coins?

US Mint.

9
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What does the Internal Revenue Service (IRS) do?

Collects and enforces federal taxes.

10
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What is the role of the Office of the Comptroller of the Currency (OCC)?

Regulates and supervises all national banks and federal savings associations.