Understanding the U.S. Department of the Treasury

What is one of the primary roles of the U.S. Department of the Treasury?

• Managing the country's healthcare system

• Handling the finances of the U.S. and paying bills

• Controlling the military operations

• Overseeing the education system

Who was the first Secretary of the Treasury?

• Thomas Jefferson

• Alexander Hamilton

• Benjamin Franklin

• George Washington

What significant financial challenge did the Continental Congress face during the Revolutionary War?

• Excessive gold reserves

• No power to tax people

• Inability to print paper money

• Lack of foreign allies

Which sub-agency of the U.S. Department of the Treasury is responsible for administering federal tax laws?

• Federal Reserve

• Bureau of Engraving and Printing

• U.S. Mint

• Internal Revenue Service (IRS)

What is one of the key responsibilities of the U.S. Department of the Treasury today?

• Producing and circulating currency

• Overseeing the national healthcare system

• Managing the national parks

• Controlling the education curriculum