Hi . I have a question below, attached are the instructions. Please no plagiarism , thank you. 4-2 Milestone One: Draft of Introduction for Final Project II Instructions In Milestone One, you will s

ECO 306 Milestone One Guidelines and Rubric Overview: In Final Project II, you will write an informative research paper comparing and contrasting the structure and operation of the central bank of the United States — the Federal Reserve — and the central bank of another country, chosen from the provided list below. Prompt: For this milestone, identify a foreign central bank you wish to study from the list below and explain how it was es tablished. Then, describe its financial structure and explain the role it has in the process of financial intermediation.  Central Bank of Ireland  Central Bank of Iraq  Bank of Canada  Reserve Bank of India  Bank of Japan  Reserve Bank of New Zea land  Central Bank of Syria  Central Bank of Brazil  Central Bank of the Russian Federation Specifically, the following critical elements must be addressed: I. Introduction A. Identify the foreign country you have chosen and explain how its central bank was established. B. Describe the financial structure of both the central bank you have chosen and the Federal Reserve. Do these central banks operate as independent e ntities with monetary autonomy? i. Please note the example from the Bank of Canada website where you can find financial structure information: Bank of Canada website → Core Functions → Financial System. Other central bank websites will likely be similar. C. Describe the process of financial intermediation and what role the central bank you have chosen and th e Federal Reserve play in that process. How do firms borrow and lend , and how do the central bank s help facilitate that process? Rubric Guidelines for Submission: Your paper must be submitted as a 2 - to 3 -page Microsoft Word document with double spacing, 12 -point Times New Roman font, one -inch margins, and at least three sources cited in APA format. Critical Elements Proficient (100%) Needs Improvement (80%) Not Evident (0%) Value Introduction: Identify Identifies the foreign country chosen and explains how its central bank was established Identifies the foreign country chosen and explains how its central bank was established, but explanation is illogical or incomplete Does not identify the foreign countr y chosen or explain how its central bank was established 20 Introduction: Financial Structure Describes the financial structure of the central bank chosen and the Federal Reserve Describes the financial structure of the central bank chosen and the Federal Reserve, but description contains inaccuracies or gaps Does not describe the financial structure of the central bank chosen and the Federal Reserve 35 Introduction: Financial Intermediation Describes the process of financial intermediation and what role the central bank and the Federal Reserve play in that process Describes the process of financial intermediation and what role the central bank and the Federal Reserve play in that process, but description is cursory or incomplete Does not describe the process of financial intermediation and what role the central bank and the Federal Reserve play in that process 35 Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organizati on Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organizatio n that prevent understanding of ideas 10 Total 100%