Description
Answer these 3 questions ( 2-3 sentences only) NO NEED references. Write own words with no plagiarism.
1. Why was the Federal Reserve System set up with 12 regional Federal Reserve banks rather than one central bank, as in other countries?
2. Which entities in the Federal Reserve System con- trol the discount rate? Reserve requirements? Open market operations?
3. Compare the structure and independence of the Federal Reserve System and the European System of Central Banks.
Explanation & Answer
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1
Running head: FINANCIAL INSTITUTIONS ANALYSIS
Financial Institutions Analysis
Student’s Name
Institution
2
FINANCIAL INSTITUTIONS ANALYSIS
Financial Institutions Analysis
Question #1
Setting the Federal Reserve System in one central bank would result in the centralization
of power (Wells, 2017). Therefore, by setting it in different regions helped in the decentralization
of powe...
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