Which of the following central banks does not have an explicit inflation target?
a. The Bank of England
b. The Federal Reserve
c. Swiss National Bank
d. European Central Bank
e. The Reserve Bank of India
b
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One common source of market failure is
A) perfect information. B) pollution. C) private goods. D) perfect competition.
The Board of Governors of the Federal Reserve System has seven members appointed by the ________ that serve a term of ________ in order to ________
A) U.S. congress; 4 years; fulfill a mandate within the U.S. constitution B) U.S. senate; 14 years; provide continuity in the governing of the U.S. economy C) U.S. president and confirmed by the U.S. senate; 14 years; provide continuity in the governing of the U.S. economy D) U.S. president and confirmed by the U.S. congress; 14 years; provide continuity in the governing of the U.S. economy E) U.S. president and confirmed by the U.S. senate; 4 years; fulfill a mandate within the U.S. constitution