Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry? a. Banks are engaged in lending of cash which were acquired from the public the form of deposits b. One of the powers that the Universal bank can exercise includes the power of an investment house c. The members of the monetary board of the Banko Sentral ng Pilipinas is appointed by the president of the Philippines d. Banko Sentral ng Pilipinas is the primary government agency that facilitates the planning and implementation of fiscal policies
Functions of the Federal Reserve System
The Federal Reserve System looks after the financial activities and operations of the banking system. It is the apex body that has complete control over the banking regulations. All the guidelines regarding the banking system, money supply, and formulation of the monetary policy come under the purview of the Federal Reserve System. The New York Fed also helps in drafting the monetary policy and supervising the financial system.
Elastic and Inelastic Markets
Measuring the change in percentage of an economic variable with respect to change in a different economic variable is known as elasticity. This change in percentage results in a change in price concerning changes in other factors. In simple terms, when one factor brings a change to another factor, it is called elasticity.
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