Answer True or False, then justify your response with practical economic examples: The introduction of mobile money transfers and ATMs has reduced the demand for money tending to lower interest rates. Open Market Operations are more effective in a developing country like Kenya when compared with the Bank Rate Policy. Since Quantitative credit control instruments are more targeted and more objective, it is always advisable that they be applied at all times over the Selective instruments.

Answer True or False, then justify your response with practical economic examples: The introduction of mobile money transfers and ATMs has reduced the demand for money tending to lower interest rates. Open Market Operations are more effective in a developing country like Kenya when compared with the Bank Rate Policy. Since Quantitative credit control instruments are more targeted and more objective, it is always advisable that they be applied at all times over the Selective instruments.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter14: Money And The Federal Reserve System

Section: Chapter Questions

Problem 15SQ

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