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Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United States. B. It proposes bills to Congress on monetary policy. C. It safeguards the U.S. reserves of gold bullion. D. It controls the supply of money in the United States.

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The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally. 
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The answer is: It controls the supply of money in the United States.

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