One of the main roles of a central bank is:
A. accepting deposits from households and other private individuals.
B. coordinating the banking system to ensure a sound economy.
C. funding federal government spending.
D. managing the nation's money demand.
Answer: B
You might also like to view...
What are the three types of unemployment and how do they change over the business cycle?
What will be an ideal response?
The relative cost of achieving a fixed standard of living in different situations is called:
A. a cost of living index. B. compensating variation. C. real income. D. consumer surplus.
Changes in the expected rate of inflation will:
A. cause the SRAS curve to become vertical. B. cause the SRAS curve to become upward-sloping. C. shift the SRAS curve downward or upward. D. not shift but create a movement along the SRAS curve.
What are the benefits and costs associated with monopolistic competition?
What will be an ideal response?