Which of the Following Is True

question 71

Multiple Choice

Which of the following is true?

• A)Most other industrialized nations have highly decentralized central banks that direct monetary policy and supervise and regulate the banking system.
• B)Research has shown that the less independent a central bank is, the more vulnerable it is to political pressure.
• C)Research suggests that inflation rates are lowest in countries with the most independent central banks.
• D)Both b and c are true.

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services, calculated as the unit price multiplied by the quantity sold.

Delicatessen

A store or section of a grocery store selling cured meats, cheese, and other specialty food items.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in its price.

Gasoline

A volatile, flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.