Which Central Bank Gained the Power to Set Interest Rates

question 84

Multiple Choice

Which central bank gained the power to set interest rates independent of the government in the late 1990s?

• A)Bank of England
• B)Bank of Canada
• C)Bank of China
• D)Federal Reserve Board

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Definitions:

Pledged Assets

Assets that are pledged as security or collateral for a loan or obligation, ensuring the lender has a claim to the asset in case of default.

Accounts Payable

Short-term obligations or debts a company owes to its suppliers or creditors.

Note Payable

A written promise to pay a specific amount of money, often bearing interest, at a future date or on demand.

Liquidated

The process of closing a business by selling off assets to pay creditors and distributing any remaining assets to the owners or shareholders.