The government has a central bank that is oftentimes referred to the Federal Reserve Bank (or just Fed).
Answer: Federal republic
Explanation:
The Madisonian model or theory was made by James Madison who made governmental schemes with three power branches and those were judicial, executive and legislative.
He agreed that balance is an important thing when it comes to the power of government. Madison illustrated and published his beliefs in the Federalist Paper.
In the last decade of the 18th century, both France and England experienced revolutions. In France it was a political revolution against the Old Order, and in England it was an economic revolution that changed the way wealth was produced and shared.
The term you are looking for is the "Articles of Confederation" adopted by the Second Continental Congress in 1777 and ratified by the states in 1781. The Articles of Confederation were the first governing document for the United States.<span />
