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Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of good central bank design? Explain your answer. O No. Because the long length of the terms of the members is inconsistent with central bank independence. O No. Because the length of the terms coincides with the electoral cycle, this increases the opportunity for political influence and is inconsistent with central bank independence. O Yes Because the governors are appointed by members of the banking community, this reduces the opportunity for political influence and is consistent with central bank independence O Yes. Because the long length of the terms of the members and the fact they are staggered reduces the opportunity for political influence on the selection of the governors and so these procedures are consistent with central bank independence.

Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of good central bank design? Explain your answer. O No. Because the long length of the terms of the members is inconsistent with central bank independence. O No. Because the length of the terms coincides with the electoral cycle, this increases the opportunity for political influence and is inconsistent with central bank independence. O Yes Because the governors are appointed by members of the banking community, this reduces the opportunity for political influence and is consistent with central bank independence O Yes. Because the long length of the terms of the members and the fact they are staggered reduces the opportunity for political influence on the selection of the governors and so these procedures are consistent with central bank independence.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of good central bank design? Explain your answer. O No. Because the long length of the terms of the members is inconsistent with central bank independence. O No. Because the length of the terms coincides with the electoral cycle, this increases the opportunity for political influence and is inconsistent with central bank independence. O Yes Because the governors are appointed by members of the banking community, this reduces the opportunity for political influence and is consistent with central bank independence O Yes. Because the long length of the terms of the members and the fact they are staggered reduces the opportunity for political influence on the selection of the governors and so these procedures are consistent with central bank independence.
Transcribed Image Text:Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of good central bank design? Explain your answer. O No. Because the long length of the terms of the members is inconsistent with central bank independence. O No. Because the length of the terms coincides with the electoral cycle, this increases the opportunity for political influence and is inconsistent with central bank independence. O Yes Because the governors are appointed by members of the banking community, this reduces the opportunity for political influence and is consistent with central bank independence O Yes. Because the long length of the terms of the members and the fact they are staggered reduces the opportunity for political influence on the selection of the governors and so these procedures are consistent with central bank independence.
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