While Legislation Enacted in 1998 Granted the Bank of Japan

question 56

Multiple Choice

While legislation enacted in 1998 granted the Bank of Japan new powers and greater autonomy,its critics contend that its independence is

• A)limited by the Ministry of Finance's veto power over a portion of its budget.
• B)too great because it need not pursue a policy of price stability even if that is the popular will of the people.
• C)too great since the Ministry of Finance no longer has veto power over the bank's budget.
• D)limited since the Ministry of Finance can dismiss senior bank officials.

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Definitions:

Group Pressure

The influence exerted by a group on individual members to behave in a manner that is consistent with the group’s norms, values, or goals.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics or societal expectations.

Asch's

Relating to Solomon Asch's social psychology experiments, primarily known for his research on conformity and group influence.

Cultural Assimilator

A learning tool designed to help individuals understand and adapt to cultural differences through simulated cross-cultural situations.