One argument for an independent central bank is:
A) Successful monetary policy requires a long time horizon usually well beyond the next election of most public officials
B) Without independence competent people would not take a position in a central bank
C) The central bank usually hires more competent individuals than the Treasury department or other finance ministries
D) Central bankers have a short-run focus that usually corrects problems faster
Correct Answer:
Verified
Q43: Central banks are in a position to
Q44: The 1990s saw inflation fall and real
Q45: Most central banks of industrialized countries have
Q46: Exchange-rate stability is likely to be a
Q47: Which of the following would give the
Q49: Keeping interest rates stable is:
A)The most important
Q50: The operational components required for truly independent
Q51: Empirical research seems to verify that:
A)Countries that
Q52: Interest rate volatility is a problem because:
A)Expenditure
Q53: The focus of central banks in terms
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