Geocentric model work, the "Almagest", was the culmination of centuries of work by Hellenic, Hellenistic and Babylonian astronomers. For over a millennium European and Islamic astronomers assumed it was the correct cosmological model. Because of its influence, people sometimes wrongly think the Ptolemaic system is identical with the geocentric model. Ptolemy argued that the Earth was a sphere in the center of the universe, from the simple observation that half the stars were above the horizon and half were below the horizon at any time (stars on rotating stellar sphere), and the assumption that the stars were all at some modest distance
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