Which of the Following Statements About Central Bank Structure and Independence

question 62

Multiple Choice

Which of the following statements about central bank structure and independence is TRUE?

• A)In recent years,with the exception of the Bank of England and the Bank of Japan,most countries have reduced the independence of their central banks,subjecting them to greater democratic control.
• B)Before the Bank of England was granted greater independence,the Federal Reserve was the most independent of the world's central banks.
• C)Both theory and experience suggest that more independent central banks produce better monetary policy.
• D)While the European Central Bank is independent,it is not as independent as the Federal Reserve.

---

Definitions:

People

Human beings considered collectively or as members of society.

Average Health Status

A generalized measure of the health conditions of a population, often assessed by indicators such as life expectancy, disease prevalence, and functional status.

Postindustrial Countries

Nations that have transitioned from primarily industrial or manufacturing-based economies to service-oriented economies, with significant reliance on technology and knowledge-based activities.

Americans

Residents or citizens of the United States of America, characterized by diverse ethnicities, cultures, and traditions within a federal constitutional republic.