What constitutes meaningful independence of a central bank?
What will be an ideal response?
The central bank must be able to conduct policy without direct interference from the government and it also must be able to set goals for which it can be held accountable.
Economics
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A one-year Treasury bill with an annual yield of 10 percent and a price of $909.09 has a face value of
A) $900. B) $1,000. C) $980. D) $1,020.
Economics
Price indexes like the CPI are calculated using a base year. The term base year refers to:
a. the first year that price data are available. b. any year in which inflation was higher than 5 percent. c. the most recent year in which the business cycle hit the trough. d. an arbitrarily chosen reference year.
Economics