Federal Reserve is the central bank in which among the following countries?
Federal Reserve is the central bank in which among the following countries?
[A]Canada
[B]United States of America
[C]Australia
[D]United Kingdom
United States of AmericaFederal Reserve is the central bank in US. A central bank is the apex institution of the monetary and banking system of the country. It possesses the monopoly of note issue, maintains the foreign exchange reserves, promotes the economic policy of the government and acts as the banker and the financial adviser of the government.