The Operational Components Required for Truly Independent Central Banks Include

question 41

Multiple Choice

The operational components required for truly independent central banks include:

• A) a budget controlled by Congress.
• B) the ability to have policies reversed.
• C) monetary policies that cannot be reversed by anyone outside of the central bank.
• D) the chairperson of the bank being answerable only to the President.

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Definitions:

Probability

A measure or estimation of how likely it is that an event will occur, expressed as a value between 0 and 1.

Formulas

Prescribed or established sets of mathematical or symbolic rules used to solve a problem or ascertain a truth.

Thematic Apperception

A psychological method and assessment tool where individuals express their thoughts and feelings through the stories they make up about ambiguous images.

Need for Achievement

A psychological trait that drives an individual to pursue and attain goals, often characterized by determination and ambition.