Question

Which is generally true in countries where central banks are relatively independent from their governments

Answer 1

The correct answer will be "Empirical evidence".

Step-by-step explanation:

• Empirical evidence suggests that there are already higher interest rates although weaker terms of trade in economies where financial institutions are largely popular with their authorities than those in markets whereby commercial banks become tightly linked to sovereign government agencies.
• It is indeed a source for information that is gained through experience as well as observation.