Criteria used to judge a central bank's independence include each of the following, except:

Question

Quizplus · Accepted Answer

Central bank independence is judged based on its autonomy from political influence, which includes budgetary independence (A), long terms for members to prevent political cycles from affecting decisions (B), and the ability to make decisions without political interference, which might be interpreted as having irreversible decisions (D). However, having cabinet or ministry level of authority (C) would imply a closer tie to the government, which contradicts the principle of central bank independence.

Criteria Used to Judge a Central Bank's Independence Include Each