The dual nature of financial markets in developing countries-traditional and modern-implies that central banks in developing countries:
A. find it more difficult to conduct monetary policy than central banks in developed economies.
B. find it easier to conduct monetary policy than central banks in developed economies.
C. have effectively no role to play in the conduct of monetary policy.
D. play essentially the same role as they do in developed economies.
Answer: A
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The government can facilitate the transfer of unskilled workers to high-skilled jobs by
A) increasing tariffs to speed the development of jobs requiring skilled labor. B) laying off skilled workers to provide jobs for unskilled workers. C) providing assistance for education and training for unskilled workers. D) increasing tariffs to help unskilled workers.
Requirements for information disclosure for firms that desire to sell securities in financial markets
A) are very common in industrialized countries, including the United States. B) are common in other industrialized countries, but have not yet been adopted in the United States. C) have been adopted in the United States, but have not yet been adopted in other industrialized countries. D) have yet to be adopted in the United States or other industrialized countries.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.
If actual reserves in the banking system are $40,000, excess reserves are $10,000, and checkable deposits are $240,000, then the legal reserve requirement is:
A. 10 percent. B. 12.5 percent. C. 20 percent. D. 5 percent.