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.
Correct Answer:
Verified
Q81: The Federal Open Market Committee is important
Q82: Which of the following is not a
Q83: How long are the terms of members
Q84: The Federal Open Market Committee (FOMC)controls the
Q85: How many districts does the Federal Reserve
Q87: Which of the following will the Federal
Q88: The Fed sometimes acts as a lender
Q89: Federal Reserve regulations apply
A) to all banks
Q90: The Federal Reserve can tightly control
A) cash
Q91: The Federal Reserve banks make loans to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents