The federal government has the specific power to print money, which is a vital function of its role in the economy. This authority allows it to produce and manage the nation's currency, thereby playing a crucial part in maintaining economic stability and controlling inflation. The ability to issue currency is an exclusive power granted to the federal government, ensuring that there is a singular, regulated form of money used throughout the country, which is essential for trade and economic interactions.
In contrast, other functions mentioned, such as establishing schools and conducting elections, are generally managed at the state and local levels. States have the primary responsibility for education, setting their own policies regarding school systems. Similarly, while elections are a key part of the democratic process, they are primarily under state jurisdiction, with states determining the details of how elections are conducted. The power to regulate state laws also falls within the purview of state government, as each state maintains its own legal system and regulations.