The Most Independent Central Bank in the EU Before the Creation

question 8

Multiple Choice

The most independent central bank in the EU before the creation of the European Central Bank (ECB) was the

• A) Bundesbank.
• B) Reichsbank.
• C) Swiss National Bank.
• D) Reserve Bank of Austria.
• E) Bank of England.

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Definitions:

Middle-Income DVCs

Developing countries that have achieved a certain level of GDP per capita, falling between low-income and high-income thresholds, if DVCs is taken to mean Developing Countries.

Farm Labor

The workforce engaged in agricultural activities, including planting, cultivating, and harvesting crops, as well as raising livestock.

Demographic Transition

The massive decline in birth rates that occurs once a developing country achieves higher standards of living because the perceived marginal cost of additional children begins to exceed the perceived marginal benefit.

Population Growth

The increase in the number of individuals in a population over a specific period.