Question

Which is more​ independent, the federal reserve or the european central​ bank? why?

a. the federal reserve systemlong dash—it must be more independent since the european central bank was patterned after it.
b. the federal reserve systemlong dash—its charter can be changed through​ legislation, making it more independent than the european central bank.
c. the european central banklong dash—its charter cannot be changed through​ legislation, making it more independent than the federal reserve.
d. because the structures of the federal reserve and the european central bank are​ similar, it can be argued that the two systems have the same level of independence?

Answer 1

The answer to this is c. the European central bank —its charter cannot be changed through​ legislation, making it more independent than the federal reserve.