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In the United States, One Problem with Central Bank Independence

Question 51

Multiple Choice

In the United States, one problem with central bank independence is:


A) it is almost impossible to obtain because Congress controls the budget of the Federal Reserve.
B) in a representative democracy, monetary policymakers must be held accountable to the public.
C) central bank independence has not produced favorable results.
D) the central bank can control policy, but the U.S. Treasury issues currency.

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