There is a tradeoff for the Fed in managing which two variables that it is responsible for influencing? GDP and interest rates inflation and exchange rates inflation and unemployment GDP and unemployment What kind of mandate do the Fed and the European Central Bank have? Both the Fed and the European Central Bank have been given a dual mandate. Both the Fed and the European Central Bank have been given a hierarchical mandate. The European Central bank has a hierarchical mandate while the Fed has a dual mandate. O The European Central bank has a dual mandate while the Fed has a hierarchical mandate. How much control do member banks have over the Federal Reserve Bank in their district? The member banks have some say in who the president of the bank will be, and they also choose the board of directors that determines what dividend the member banks will receive and what loans the bank issues. O The member banks choose a board of directors that has complete control over who the president of the bank is and what loans the bank issues. The dividend the member banks receive for their shares in the bank is set by Congress. O The member banks have some say in who the president of the bank will be, but the president and his officers have authority to decide what loans the bank issues. The dividend the member banks receive for their shares in the bank is set by Congress. O The member banks choose a board of directors that has complete control over who the president of the bank is, what loans the bank issues, and what dividend the member banks will receive for their shares in the bank