You Are Hired as a Consultant to Set Up the Central

question 87

Essay

You are hired as a consultant to set up the central bank of a new country. Suggest at least two possible ways to structure the central bank to keep inflation levels low.

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Definitions:

Public Official

An individual holding a position of authority or service in government, serving the public’s interest.

Federal Statute

A law enacted by the national government of the United States, which applies across the entire country, superseding state laws when in conflict.

Criminal Liability

The conditions under which an individual or entity can be held legally responsible for actions classified as crimes by law.

Prosecutor

A lawyer who manages the prosecution of the defendant in criminal proceedings.