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Unlike most central banks, the Federal Reserve is described in structure as:
ASemi-determined
BSemi-decentralised
CSemi-detached
DSemi-dependent
Answer & Solution
Correct answer: B. Semi-decentralised
1. Government appointees sit on its board.
2. Private-sector banks are represented as well.
3. So its structure is semi-decentralised.
_Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._
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