The best central banks: a. Are independent of political pressure. b. Are accountable to elected representatives and

Question:

The best central banks:

a. Are independent of political pressure.

b. Are accountable to elected representatives and the public.

c. Communicate their objectives, actions, and policy deliberations clearly to the public.

d. Articulate clearly how they will act when their goals conflict.

e. Are credible in their efforts to meet their objectives.

f. Make decisions by committee rather than by an individual.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

Question Posted: