1. Consider the US Federal Reserve System and compare it with another central bank in a major country, such as the Bank of England, the European Central Bank, the Bank of Japan, the Reserve Bank of India, etc.
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3.  a)What are two features, characteristics, or practices of the second central bank that you chose to compare with the FED that are very similar to the FED?
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5. b)What are two features of that central bank that differ significantly from the FED?  Explain.
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7. c)Are any things that you mentioned in part (b) of this question something that you would want the FED to consider adopting in the future?  Explain.

DISTINCTIVE INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2024 ($ in millions) Cash Flows from Operating Activities: Adjustments for noncash effects: Changes in operating assets and liabilities: $ 84 Net cash inflows from operating activities $ 84