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.
Correct Answer:
Verified
Q46: The idea that central banks should be
Q47: Most economists agree that a well-designed central
Q48: Central bank accountability means:
A) politicians will establish
Q49: The operational components required for truly independent
Q50: In the United States, monetary policy is
Q52: The interest rate decisions made by the
Q53: To be independent, a central bank must
Q54: One argument for an independent central bank
Q55: Most central banks of industrialized countries have
Q56: Exchange-rate stability is likely to be a
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