What makes the Federal Reserve so unique compared to other central banks around the world is its

Question

Quizplus · Accepted Answer

The Federal Reserve has a decentralized structure, with 12 regional banks that operate independently but are still subject to the oversight of the Board of Governors in Washington, D.C. This is unique compared to other central banks, which often have a more centralized structure where all decision-making is done at the national level.

Answer: D
 The Federal Reserve is primarily responsible for conducting monetary policy in the United States, which involves setting interest rates and managing the money supply to achieve certain economic objectives like full employment and stable prices. While the Fed also has some regulatory functions, such as supervising banks and ensuring financial stability, its primary role is as a monetary authority.

What Makes the Federal Reserve So Unique Compared to Other