What is not a major responsibility of the Department of the Treasury?
1. To print the nation's currency
2. to protect natural resources
3. to collect taxes.
4. to borrow money
2. to protect natural resources
The correct answer is 2. to protect natural resources.
To determine which option is not a major responsibility of the Department of the Treasury, we need to understand the role and functions of the Department of the Treasury.
The Department of the Treasury is a part of the executive branch of the U.S. federal government and is responsible for managing the finances and economic matters of the country. Its primary mission is to ensure the stability and security of the nation's economy. The Department of the Treasury performs various functions, including managing the federal budget, collecting taxes, producing currency, managing government debt, regulating financial institutions, and enforcing financial laws and regulations.
Let's analyze each option to identify which one is not a major responsibility of the Department of the Treasury:
1. To print the nation's currency: This is a major responsibility of the Department of the Treasury. The Bureau of Engraving and Printing, which operates under the Treasury, is responsible for printing paper currency.
2. To protect natural resources: Protecting natural resources is not a major responsibility of the Department of the Treasury. While the government may have departments or agencies responsible for environmental and natural resource protection, such as the Environmental Protection Agency (EPA) or the Department of the Interior, the Department of the Treasury is primarily focused on economic and financial matters.
3. To collect taxes: Collecting taxes is one of the main responsibilities of the Department of the Treasury. The Internal Revenue Service (IRS), which operates under the Treasury, is responsible for administering and enforcing the nation's tax laws.
4. To borrow money: Managing government debt, including borrowing money on behalf of the government, is a major responsibility of the Department of the Treasury. This is done through the issuance of Treasury securities, such as Treasury bonds, bills, and notes, to finance government operations and programs.
Based on the analysis, the option that is not a major responsibility of the Department of the Treasury is:
2. To protect natural resources.