All of the Following Are Characteristics of Independent Central Banks

question 45

Multiple Choice

All of the following are characteristics of independent central banks EXCEPT:

• A) long terms for central bankers.
• B) no obligation to finance the national deficit.
• C) budgetary independence.
• D) ability of executive branch to overrule central bank actions.

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenues and expenses for an accounting period, ultimately reflecting the period's net income or loss.