9 Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of goodcentral 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 andis inconsistent with central bank independence.O Yes Because the governors are appointed by members of the banking community, this reduces the opportunity for politicalinfluence and is consistent with central bank independenceO Yes. Because the long length of the terms of the members and the fact they are staggered reduces the opportunity for politicalinfluence on the selection of the governors and so these procedures are consistent with central bank independence.

The appointment of members to the Board of Governors is a critical aspect of central bank design.…

Answered: Do you think the current procedures for…

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter16: Mastering Financial Management

Section16.7C: Cost Comparisons

Problem 3CC

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