II. Central Banking:
Explain the current macroeconomic conditions (unemployment, inflation, and economic growth [GDP] rates) that the Federal Reserve and the central bank you have chosen (The Bank of India) observe in each country, and compare the performance of the two countries.
III. Monetary Policy
A. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country. B. Describe how each monetary authority uses these tools to impact macroeconomic performance. C. Compare banking regulations of the central bank you have chosen and the Federal Reserve. IV. Conclusion: Using your research as a guide, assess the overall performance of each entity. Could one bank learn a lesson from the other?
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