The Central Bank Which Is Generally Regarded as the Most

question 63

Multiple Choice

The central bank which is generally regarded as the most independent in the world because its charter cannot be changed by legislation is the

• A)Bank of England.
• B)Bank of Canada.
• C)European Central Bank.
• D)Bank of Japan.

---

Definitions:

Ceteris Paribus

In economics, it's a Latin term which stands for "if everything else remains the same," employed to focus on the influence of an individual variable by maintaining all other pertinent factors steady.

Positive Outcomes

Results or consequences of an action that are beneficial or desirable to stakeholders.

Normative

Pertaining to norms or standards, often referring to analyses or statements that express how things should be rather than how they are.

Positive Economic

Refers to economic theories or policies that lead to beneficial outcomes in terms of growth, employment, and living standards.