The U.S. Federal Reserve, the Bank of Japan, the Bank of England, and the European Central Bank are all in charge of what for the countries they represent?
A. Debt management.
B. Unfunded liabilities.
C. Monetary policy.
D. Fiscal policy.
Answer: C
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What are some of the issues associated with the consumer price index?
What will be an ideal response?
All of the following are examples of human capital except:
A. a computer which has top-of-the-line word processing software. B. the ability to coordinate labor effectively. C. knowledge of word processing programs. D. the ability to write clearly.
Using Figure 3 above, suppose that the economy was at Y3. This level of GDP would be considered:
A. recessionary. B. a long run level of output. C. a natural rate of output. D. inflationary.
Which of the following is NOT one of the Fed's monetary policy tools?
A) the required reserve ratio B) the income tax rate C) buying and selling U.S. government securities D) the discount rate