A Major Difference Between the Federal Reserve System and Foreign

question 167

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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