Of the Fed, the Bank of England, and the Reserve Bank of New Zealand, which of the following statements is true?
A) Only the Fed does not have an explicit inflation target.
B) None of these three central banks have an explicit inflation target.
C) All of these three central banks have an explicit inflation target.
D) Only the Reserve Bank of New Zealand does not have an explicit inflation target.
E) Only the Bank of England does not have an explicit inflation target.
Correct Answer:
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