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Economics A Level (DONEEEEEEE)

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Question:

The Bank of England is Independent and Accountable. Why does this help keep Inflation Stable and Trustworthy

Author: eric_galvao



Answer:

-Indepdence makes sure the Government can’t use the % Rate for Political Reasons, like Win Votes -Accountable ensures the Bank has to write a Letter to the Chancellor why and how the MPC will deal with Inflation if theres 1% Difference to their Target


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