Question 20 (1 point) The central bank for the United States is The First National Bank of New York. The First National Bank of the United States. The Bank of America. The Federal Reserve System. Question 21 (1 point) The Federal Open Market Committee of the Federal Reserve System is responsible for establishing the official price of gold. O determining monetary policy actions. O maintaining competition among the nation's commercial banks. defining the foreign exchange value of the dollar. Question 22 (1 point) Changes in the money supply are important because There is a relationship between changes in the money supply and changes in government spending. There is a relationship between changes in the money supply and changes in nominal GDP. There is an inverse relationship between changes in the money supply and the inflation rate. there is a direct relationship between changes in the money supply and changes in interest rates. All of the above