When the actions of a central bank induce actions from other banks in the country
A) the other banks are reacting to an announcement effect.
B) the other banks are concerned about a penalty rate.
C) the other banks are acting to prevent liquidity problems.
D) the other banks are acting as fiscal agents.
A
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Of the following views on the effects of immigration on the receiving nation's economic growth, which have NOT been suggested by economists Michael Kremer and Julian Simon?
A) Technological progress is driven by population growth. B) Immigration increases a nation's labor pool and encourages ingenuity. C) Immigration costs the local population jobs and greatly lowers their incomes. D) Immigrants raise the standard of living of a nation's native population.
A reason why a perfectly competitive firm's demand for labor curve slopes downward is that
A) each additional unit of labor hired is less efficient than previously hired units. B) the extra cost of hiring additional units of labor increases as a firm hires more units of labor. C) in the short run, as more labor is hired, labor's marginal product falls because of the law of diminishing returns. D) the firm's demand curve for the product that uses labor is downward sloping.
Which of the following can reduce the number of cars imported?
A) a tariff B) a quota C) a ban D) All of the above.
When the Fed makes a discount loan, the impact on the Banking System's balance sheet will reflect:
A. an increase in assets and a decrease in liabilities. B. an increase in assets and liabilities. C. an increase in liabilities with no change in assets. D. a decrease in assets and an increase in liabilities.