Central banking in the United States and in a majority of nations in the West operates principally by executive order and regulation, not through market forces.

Question

Quizplus · Accepted Answer

Central banking in the United States, such as the Federal Reserve, and in many Western nations operates primarily through monetary policy tools (such as setting interest rates and reserve requirements) rather than by executive order. While they may be subject to government oversight, they operate independently of the government to influence the economy and are not solely directed by executive orders or regulations.

Central Banking in the United States and in a Majority