Most nations do NOT have a central bank similar to the U.S. Federal Reserve.

Question

Quizplus · Accepted Answer

While it is true that not all nations have a central bank similar to the U.S. Federal Reserve, most developed countries do have some form of central banking institution. These institutions play a crucial role in regulating the economy and monetary policy of the country. Examples include the European Central Bank, the Bank of Japan, and the Bank of England. However, in some developing countries, such as Afghanistan or North Korea, there is no central bank.

Most Nations Do NOT Have a Central Bank Similar to the U.S