The main difference between the Federal Reserve in the US and other central banks is that the Fed is actually a banking system that has several independent banks covering an area of several states instead of one single bank. Please just tell. Statement is true or false
Functions of the Federal Reserve System
The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.
Elastic and Inelastic Markets
Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.
- Back in the early 2010s Some EU countries like Greece and Cyprus spent much more money than it can earn from its fiscal revenues, resulting a failure in paying back the principal and interests on the national bonds, thus resulted a sovereign debt risk.
- 2. The main difference between the Federal Reserve in the US and other central banks is that the Fed is actually a banking system that has several independent banks covering an area of several states instead of one single bank. Please just tell. Statement is true or false
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