All of the following are characteristics of independent central banks EXCEPT:

Question

Quizplus · Accepted Answer

Independent central banks are characterized by long terms for central bankers, no obligation to finance the national deficit, and budgetary independence. However, one key characteristic is that the executive branch should not have the ability to overrule or interfere with central bank actions. Therefore, option D is the correct answer as it goes against the characteristic of an independent central bank.

All of the Following Are Characteristics of Independent Central Banks