The Conventional Wisdom Is That a Central Bank Should Be

question 44

True/False

The conventional wisdom is that a central bank should be created by the state as a public agency with vast autonomy because, to be effective, it must make unpopular and politically volatile decisions.

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Definitions:

Venn Diagram

A diagram that uses circles to represent the relationships and intersections among various sets or groups.

Proposition

A statement or assertion that expresses a judgment or opinion which is either true or false.

Venn Diagram

A diagram that uses circles to represent the relationships among different sets, highlighting commonalities and differences.

Proposition

An observation that signals a judgment or perspective.