When central banks are independent of government, they are no longer accountable for their actions.

Question

Quizplus · Accepted Answer

While central banks that are independent from the government may have more autonomy in their decision-making, they are still accountable for their actions. They are typically required to report their policies and decisions to the government and/or the public, and may face scrutiny or criticism if their actions are deemed inappropriate or ineffective. Additionally, many central banks have internal systems of checks and balances to ensure accountability within their own organizations.

When Central Banks Are Independent of Government, They Are No