Asked by Jessica Green on Jun 06, 2024
Verified
Unfortunately,most nations do not have a central bank similar to the U.S.Federal Reserve.
Central Bank
The primary institution responsible for managing a country's currency, money supply, and interest rates, with a role often including acting as the lender of last resort.
U.S. Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulation of banks, and providing financial services.
- Understand the functions and activities of monetary bodies such as banks, credit societies, and the Central Banking System of the United States.
Verified Answer
AC
Alondra CuevasJun 12, 2024
Final Answer :
False
Explanation :
Most nations have a central bank that performs functions similar to those of the U.S. Federal Reserve, such as managing the country's currency, money supply, and interest rates.
Learning Objectives
- Understand the functions and activities of monetary bodies such as banks, credit societies, and the Central Banking System of the United States.
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