The Ability of a Central Bank to Set Monetary Policy

question 64

Multiple Choice

The ability of a central bank to set monetary policy instruments is

• A)political independence.
• B)goal independence.
• C)policy independence.
• D)instrument independence.

---

Definitions:

King George's War

A phase of the War of the Austrian Succession (1740-1748) that took place primarily in North America between the French and British colonies.

Boston

A historic city in Massachusetts, United States, known for its significant role in the American Revolution, including events such as the Boston Tea Party.

Louisbourg

A historic site located in Nova Scotia, Canada, famous for its 18th-century fortress which played a significant role in the Franco-British colonial conflicts in North America.

Colonial Assemblies

Legislative bodies established in the various colonies to represent the interests of colonists and to govern local affairs, often challenged or limited by the colonial powers.