Multiple Choice
When Zimbabwe needed to finance the war against Congo, the government issued bonds and forced the Central Bank to buy those bonds in exchange of new printed Zimbabwean dollars.This action prompted a hyperinflation of almost 100,000 percent.This is an example of a lack of:
A) a central bank independency.
B) a central bank dependency.
C) a central bank effectiveness in its monetary policy.
D) central bank economists running the institution.
Correct Answer:
Verified
Correct Answer:
Verified
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