Which of the Following Statements About Central Bank Structure and Independence

question 33

Multiple Choice

Which of the following statements about central bank structure and independence are true?

• A) In recent years there has been a remarkable trend toward increasing independence.
• B) In recent years, greater independence has been granted to many central banks, with the exception of the Bank of England and the Bank of Japan, which are still subject to strict governmental control.
• C) In theory, central banks subject to government control produce better monetary policy, but experience suggests that more independent central banks have produced superior monetary policy results.
• D) Only A and B of the above are true statements.

---

Definitions:

Employment at Will

A legal doctrine that means an employer can terminate an employee at any time for any reason, except an illegal one, and an employee can leave just as freely.

Employment Discrimination Law

Laws and regulations aimed at preventing workplace discrimination based on race, sex, religion, national origin, physical disability, and age.

Labor Law

Legislation concerned with the rights and responsibilities of workers, employers, and unions.

Federal Labor Laws

Legislation at the federal level governing the rights and duties of employers and employees within the workforce.