One Reason for the Differences Between the Federal Reserve System

question 40

Multiple Choice

One reason for the differences between the Federal Reserve System and its European counterparts is

• A) that the Fed was established earlier
• B) the tendency for Americans to embrace the idea of a central authority
• C) the fear that a powerful central bank might be dominated by one group's interests to another group's detriment
• D) the homogeneity of the United States compared with other nations
• E) because our definition of money is much different from other countries.

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Definitions:

Glomerulonephritis

An inflammation of the tiny filters in the kidneys known as glomeruli, which can affect kidney function.

Renal Medulla

The middle portion of the kidney.

Middle Portion

The central segment or part of an object, area, or concept.

Renin

A hormone secreted by the kidney that helps to regulate blood pressure.