One uniquely American aspect of central banking is that:
a. the United States has 12 central banks rather than one
b. the Federal Reserve is a private institution with no governmental supervision.
c. the dual banking system created two parallel central banks.
d. the U.S. Treasury runs the Federal Reserve as an extension of the Executive Branch.
a
Economics
You might also like to view...
A higher population growth rate can potentially lead to a higher rate of growth in per capita real GDP if
A) it leads to an increase in the amount of dead capital. B) young workers replace older workers. C) there is a greater labor force participation rate. D) it leads to greater democracy in a nation.
Economics
The government makes all economic decisions in a market economy
Indicate whether the statement is true or false
Economics