L1 Economics Question

[cfa_2k6]

"The treasury is a budgetary agency. If there is a budget deficit, the treasury issues US securities to finance the deficit.Except for nominal amounts, mostly coins, the treasury does not issue money. Wheras the treasury is concerned with the revenues and expenditures of the government, The fed is concerned primarily with the availability of money and credit for the entire economy."
-CFA L1 material - Money and the banking system

Just curious- who prints and issues notes? The Fed? I thought it was the treasury.But this material seems to suggest otherwise.

 

[viv]

Federal Reserve(central bank) is the agency to oversee the banking system and regulate the quantity of money in the economy.
Fed is responsible for fiat money, while treasury for budget policies, such as issuing bonds.

 

[mit]

and Bill Gates is responsible for taking our fiat money

 

[viv]

Don't you think our Bill is responsible for MSFT's flat-lined performance as well? lol...


mit Wrote:
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> and Bill Gates is responsible for taking our fiat
> money