Central bank independence refers to situations in which central bankers:
A)conduct open market operations in free markets.
B)operate in countries with independently elected governments.
C)are insulated from short-term political considerations.
D)are appointed without confirmation hearings.

Question

Quizplus · Accepted Answer

Central bank independence means that central bankers can make decisions without being influenced by short-term political pressures, allowing them to focus on long-term economic goals like controlling inflation.

Central Bank Independence Refers to Situations in Which Central Bankers