Which of the following is a major difference between the US Federal Reserve system and the European Central Bank? A. Federal Reserve Bank budgets are centrally controlled B. Monetary operations are centrally controlled by the Fed C. ECB does not supervise or regulate financial institutions D. All of the above
Which of the following is a major difference between the US Federal Reserve system and the European Central Bank? A. Federal Reserve Bank budgets are centrally controlled B. Monetary operations are centrally controlled by the Fed C. ECB does not supervise or regulate financial institutions D. All of the above
Chapter24: Money And The Federal Reserve System
Section: Chapter Questions
Problem 12SQ
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Question
Which of the following is a major difference between the US Federal Reserve system and the European Central Bank?
A. |
Federal Reserve Bank budgets are centrally controlled |
|
B. |
Monetary operations are centrally controlled by the Fed |
|
C. |
ECB does not supervise or regulate financial institutions |
|
D. |
All of the above |
Expert Solution
Step 1
The ECB does not monitor or manage financial institutions.
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