Which of the following central banks has the greatest degree of independence?          56) Which of the following actions are consistent with the theory of bureaucratic
A. Bank of England                                                                         behavior?
B. Bank of Canada                                                                          A) The Fed reports its target paths for more than one monetary aggregate.
C. Bank of Japan                                                                           B) The Fed delays the release of Federal Open Market Committee directives.
D. Swiss National Bank                                                                     C) The Fed blames high interest rates on budget deficits rather than on
Answer:D
Which of the following central banks has the greatest degree of independence?          56) Which of the following actions are consistent with the theory of bureaucratic
A. Bank of England                                                                         behavior?
 B. Bank of Canada                                                                          A) The Fed reports its target paths for more than one monetary aggregate.
 C. Bank of Japan                                                                           B) The Fed delays the release of Federal Open Market Committee directives.
 D. Swiss National Bank                                                                     C) The Fed blames high interest rates on budget deficits rather than on
