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provide in-depthanalysis and response to each question as much as possible: Q3. Compare and contrast the structure and governance arrangements of the U.S. Federal Reserve

provide in-depthanalysis and response to each question as much as possible:

Q3. Compare and contrast the structure and governance arrangements of the U.S. Federal Reserve System and the European Central Bank. How are these different from the structure and policy of the People's Bank of China? What are the consequences of the Chinese structure for other economies?

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