What Is the Economic Justification for an Independent Central Bank

question 22

Essay

What is the economic justification for an independent central bank?

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information to and from all parts of the body.

Axons

Long, threadlike parts of a nerve cell along which impulses are conducted from the cell body to other cells.

Sympathetic Nervous

Part of the autonomic nervous system that activates the "fight or flight" response during perceived threats.

Somatic Nervous

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles and also mediates sensory information from the external environment.