On paper, the Bank of Canada has ________ instrument independence and ________ goal independence when compared to the Federal Reserve System
A) less; less
B) less; more
C) more; less
D) more; more
A
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Explain why the EMS countries decided to fix their exchange rates against the German DM
What will be an ideal response?
Banks are required to file ________ usually quarterly that list information on the bank's assets and liabilities, income and dividends, and so forth
A) call reports B) balance reports C) regulatory sheets D) examiner updates
According to the adaptive rationality standard, one reason people might rationally choose to have preferences that are not narrowly self-interested is that:
A. they have no other choice. B. doing so could help them solve commitment problems. C. even rational people sometimes make irrational choices. D. they do not know how to act in their own self-interest.
One of the eight big ideas underlying the study of economics is that government policies ______.
a. direct an economy like an “invisible hand” b. may help stabilize the economy c. generally do more harm than good d. have little impact in a market economy