Problem
1. List all of the possible functions of a central bank and consider which ones can be adequately performed without a central bank being in existence. What particular problems were caused by the absence of a central bank in the USA between 1836 and 1913.
2. Consider the extent to which the current structure of the Federal Reserve System is a product of
(a) geography;
(b) history;
(c) planning.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.