What do you say about the differences and similarities between Turkish Central Bank (TCMB) and The...

What do you say about the differences and similarities between Turkish Central Bank (TCMB) and The US Fed?

Expert Solution

Ans:-Turkish Central Bank(TCMB)

The Central Bank of Republic of Turkey was established in the year 1930.The banks's headquarters is at Ankara(Turkey).The duties of Turkey central bank is to control the monetary policy and exchange rate policy,handling international funds and countries payment system.Nation's financial stability is maintaing and controlling by the Turkish central bank.The main responsibility of Turkish central bank is printing and issuing bank notes.The Turkish central bank following a complete inflation targeting rule.

The US Fed

The United State's central bank is Fed (Federal Reserve).It was established in the year 1913 under the Federal Reserve Act.The main resposibilities of federal reserve is to control the monetary policy,maintaining price stability and controlling the interest rate of the nation.The US reserve organize many research programe about economic situation of nation.The Federal Reserve is known as independent central bank.One of the aim of fed is to provide maximum employment.

Rahul Sunny answered 7 months ago

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