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A Major Difference Between the Federal Reserve System and Foreign

Question 86

Multiple Choice

A major difference between the Federal Reserve System and foreign central banks is that the


A) Fed is considered part of our government while central banks in other countries are not part of the government
B) Fed is completely independent of government influence while central banks in other countries are under government influence
C) Fed deals with less money than its foreign counterparts
D) U.S.does not have a single central bank like its foreign counterparts
E) purpose of the Fed is to make a profit while other countries' central banks exist to serve the public.

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