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What is the structure of the Federal Reserve System? What makes the Federal Reserve so unique compared to other central banks around the world?

Discuss the difference between the FOMC, the Comptroller of the Currency, and the FDIC?

What is the structure of the regional tank of the Federal Reserve System? What are the most important functions of the regional Federal Reserve Hanks?

Which Federal Reserve Hank houses the open market desk? What is the function of open market desk?

Explain two concepts of central tank independence. Is the Fed politically independent? Why do economists think central bank independence is important?

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