Most central banks of industrialized countries have monetary policy formed by:

Question

Quizplus · Accepted Answer

Most central banks of industrialized countries have a committee made up of members of their central bank that is responsible for forming monetary policy. This committee is often referred to as the Monetary Policy Committee (MPC) or the Federal Open Market Committee (FOMC), depending on the country. The members of the MPC or FOMC are typically appointed by the government and/or the central bank and make decisions based on economic data and trends to achieve certain policy goals, such as price stability or full employment.

Most Central Banks of Industrialized Countries Have Monetary Policy Formed