Most central banks of industrialized countries have monetary policy formed by:
A. an individual, usually the person heading the central bank at the time.
B. an individual, usually the minister of finance.
C. their version of Congress.
D. a committee made up of members of their central bank.
Answer: D
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Bank capital equals assets minus liabilities
Indicate whether the statement is true or false
Which one of the following is an area of continued disagreement among modern macroeconomists with regard to the use of fiscal policy?
What will be an ideal response?
Average total cost is defined as:
A. total variable cost divided by quantity. B. quantity divided by total variable cost. C. the change in total variable cost divided by the change in quantity. D. total cost divided by quantity.
Since the 1930s, the United States has experienced continuous deflation.
Answer the following statement true (T) or false (F)