The Notion of Hiring Central Bankers Who Are "Conservative" and Have

question 80

Multiple Choice

The notion of hiring central bankers who are "conservative" and have a strong aversion to inflation was introduced by ________.

• A) Kenneth Galbraith
• B) Ben Bernanke
• C) Gerald Bouey
• D) Kenneth Rogoff

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Definitions:

360-Day Year

An accounting convention that simplifies interest calculations by assuming there are 360 days in a year.

Note Payable

A financial obligation or loan evidenced by a written promissory note specifying payment terms.

Discounted Note

A promissory note whose proceeds are issued at a price lower than its face value, with the difference compensating the lender for risk.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.