According to Oatley,a good example of a highly independent central bank (1969-1995)is
A) the Reserve Bank of Australia.
B) the Bank of France.
C) the Swiss National Bank.
D) the Bank of Japan.
E) the Bank of Britain.

Question

Quizplus · Accepted Answer

The Swiss National Bank is known for its high level of independence, particularly during the period from 1969 to 1995. This independence is crucial for a central bank to effectively manage monetary policy without direct political interference, allowing it to focus on long-term economic stability and control of inflation.

According to Oatley,a Good Example of a Highly Independent Central