Question

Compare the structure and independence of the Bank of Canada (BoC)and Bank of Russia (BoR)
MAXIMUM ONE PAGE.

Answer 1

Comparision between the Bank of Canada and the Bank of Russia:

BANK OF CANADA	BANK OF RUSSIA
It is headed by the governor and lead by the Governing council, the executive council, senior deputy governor and the board of members.	It is also lead by the Governor and 14 board members who work on a full time basis.
the governor and the deputy governor are appointed by the directors with the approval of the governor in council for the tenure of seven years.	The board of director are appointed by the governor of the Bank of Russia with the agreement of the agreement of the president of the Russian Federation for a tenure of five years.
The bank of Canada falls under the federal government. However, it is given some independence to carry out its responsibilities.	The Bank of Russia is fully independent from any state authority of any federal bodies. They can function and carry out responsibilities for the betterment of the country without any interference.