Around the world,the tendency is toward
A)ever-higher interest rates
B)a weakening of the relationship between central bank independence and inflation
C)greater central bank independence
D)ever-higher inflation rates
E)a weakening of the relationship between central bank independence and money supply growth

Question

Quizplus · Accepted Answer

The trend around the world is toward greater central bank independence, where the central bank is given more autonomy in setting and implementing monetary policy. This autonomy is seen as important for maintaining price stability and controlling inflation. Countries like India, Brazil, and Indonesia are examples of countries that have recently given more independence to their central banks.

Around the World,the Tendency Is Toward