Treasury Department (Noun)
Meaning
The federal department that collects revenue and administers federal finances; the Treasury Department was created in 1789.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Treasury Department plays a crucial role in maintaining the country's economic stability by managing government finances and collecting revenue.
- The Secretary of the Treasury is the head of the Treasury Department and is responsible for advising the President on economic matters.
- The Treasury Department was created in 1789 as part of the executive branch of the US government to oversee the nation's financial affairs.
- The main functions of the Treasury Department include collecting taxes, managing government debt, and regulating financial institutions.
- The Treasury Department works closely with other government agencies to implement economic policies and ensure the stability of the financial system.