Describe the structure of the central bank system and the main roles it plays in this country.

Central Bank (Federal Reserve Bank of the United States)

Select a central bank of a country, and conduct a research and prepare a report to address the following questions:

(a)Describe the structure of the central bank system and the main roles it plays in this country.

(400 words)

(b)How independent is the central bank in this country?

(800 words)

(c)In relation to (b), critically evaluate the argument for and against the independence of the central bank.