The main responsibility of a Central bank is: ONeither monetary or fiscal policy Both monetary and fiscal policy O Fiscal but not monetary policy Monetary but not fiscal policy
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- The main responsibility of a Central bank is: Fiscal but not monetary policy Monetary but not fiscal policy Neither monetary or fiscal policy Both monetary and fiscal policyWhich of the following is not a function of the central bank? Select one: a. The issuance of bank notes and coins for the country b. Manage foreign exchange c. It acts as the Government’s bank d. Stimulate the economy through government spendingThe argument for an independent central bank is based upon the idea that: a. independence from the political cycle allows the bank to focus on long term price stability b. independence and unaccountability allows a central bank to accumulate wealth and power c. independence makes it easier for the bank to coordinate its monetary policy with the government's fiscal policies
- Describe a situation where a central bank would want to implement expansionary monetary policy. Describe a situation where a central bank would want to implement contractionary monetary policy. Suggest a policy tool that the central bank (e.g., the Federal Reserve) can use for one of the above situations and explain how that policy would alleviate the situation.The two most important functions of central banks are to: Question 12 options: a) execute monetary policy and promote competition in the financial sector. b) execute monetary policy and keep interest rates low. c) execute monetary policy and ensure that there is sufficient home mortgage credit. d) execute monetary policy and act as lender of last resort.True/False Central Bank directly deals with the consumer in the economy.
- a. The independence of central banks is desirable, discuss the advantages and disadvantages of this independence.A6) Finance Today there is a clear consensus about the best way to design a central bank. What are the criteria for a successful central bank?What is the main tool used by central banks to influence short-term interest rates and the money supply? A. Fiscal policy B. Open market operations C. Exchange rate policy D. Price controls
