In which country is the central bank more independent than the Federal Reserve?

The ________ rate represents the difference between the spot and forward price

A) profit B) swap C) spread D) risk

In its role as bank for the U.S. government, the Federal Reserve performs all of the following services, except:

A. maintaining the U.S. Treasury's bank account. B. managing U.S. Treasury borrowings. C. issuing new currency. D. making discount loans.