accountability

What is accountability?

accountability definition and meaning on Finance terms:
The legal and political obligation of an independent institution to properly explain and justify its decisions to the citizens and their elected representatives, thereby making it responsible for fulfilling its objectives. The ECB is accountable to the European citizens and, more formally, to the European Parliament. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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