What Is Meant by Central Bank Independence

question 87

Multiple Choice

What is meant by central bank independence?

• A) Central banks can independently decide the tax rates in the economy.
• B) Commercial banks in the country are independent of the central bank.
• C) Monetary policy in an economy is independent from political motives.
• D) Fiscal policy in an economy is independent of the election cycle.

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Definitions:

Speaking Skills

The ability to effectively communicate verbally, including clear articulation, engaging storytelling, and persuasive argumentation.

Challenging Project

A task or initiative that is particularly difficult or demanding, requiring significant effort, skills, and problem-solving.

Tight Deadlines

Refers to situations where there is a very limited amount of time available to complete tasks or projects.

Accommodative Style

A conflict resolution style where one party shows a willingness to meet the needs of others at the expense of their own interests.