The discount rate:
a. Is a weak monetary tool in the sense that central banks cannot force banks to borrow if the banks have excess reserves.
b. Can have powerful announcement effects.
c. Is the loan rate charged by central banks to financial intermediaries.
d. All the above.
e. None of the above.
.D
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Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 If the marginal cost of producing each unit of output is $5, the at the monopolist's profit-maximizing level of output, the monopolist produces ________ units of output than is socially optimal.
A. 3 more B. 2 fewer C. 1 more D. 3 fewer
Has population growth been a burden for China? Please answer true or false and explain
What will be an ideal response?
If the expected value of the U.S. dollar rises, one would expect ________
A) a decrease in the demand for dollars B) an increase in the demand for the dollar C) an increase in U.S. income D) an increase in federal income tax rates
If a good is produced up to the point where marginal social benefit equals marginal social cost, then:
a. social welfare is maximized. b. the good is overproduced and the market is inefficient. c. firms are earning zero profits. d. all externalities have been eliminated.