Geocentric model Geocentric model In astronomy, the geocentric model (also known as geocentrism, or the Ptolemaic system) is a superseded description of the Universe with Earth at the center. Under the geocentric model, the Sun, Moon, stars, and planets all orbited Earth. The geocentric model served as the predominant description of the cosmos in many ancient civilizations, such as those of Aristotle and Ptolemy. Two observations supported the idea that Earth was the center of the Universe. First, from anywhere on Earth, the Sun appears to revolve around Earth once per day. While the Moon and the planets have their own motions,
Central bank In this context, independence is usually defined as the central bank's operational and management independence from the government. Central bank independence is usually guaranteed by legislation and the institutional framework governing the bank's relationship with elected officials, particularly the minister of finance. Central bank legislation will enshrine specific procedures for selecting and appointing the head of the central bank. Often the minister of finance will appoint the governor in consultation with the central bank's board and its incumbent governor. In addition, the legislation will specify banks governor's term of appointment. The most independent central banks enjoy a fixed non-renewable term