All of the Following Are True About Central Bank Independence

question 55

Multiple Choice

All of the following are true about central bank independence except that it:

• A) is usually given at the pleasure of governments.
• B) can be eliminated by governments in a time of crisis.
• C) is usually guaranteed by a country's constitution.
• D) can be subverted by the actions of fiscal policymakers.

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Definitions:

Bilateral Tolerances

Tolerances that allow variation both above and below the specified dimension.

Unilateral Tolerances

Tolerances that allow variation in only one direction (either positive or negative) from the specified dimension.

Surface Profile

A description or measurement of the surface features of an object, detailing its texture, flatness, and variations.

Three Dimensions

Describes an object or space with measurable length, width, and height, providing a sense of depth or volume.