rd QUESTION 15 The responsibilities of the European Central Bank inchude o a man
ID: 1104005 • Letter: R
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rd QUESTION 15 The responsibilities of the European Central Bank inchude o a management of economic growth in EuroZone countries, monetary policy, and foreign exchange operations. o b. management of gold reserves, monetary policy, and foreign exchange operations c monetary policy, foreign exchange operations, and maintenance of the payments system o d holding and management of official foreign reserves of Euro area countries, monetary policy, and management of econoeic gouth in Euoone QUESTION 16 In the early days of the Fed, the discount rate, the rate at which the regional Federal Reserve banks would lend to commercial banks, was determaned by the o a. regional Federal Reserve banks. e b. Federal Reserve bank of New York board of governors. o d Secretary of the Treasury QUESTION 17 Term auction lending was antroduced by the Fed in the early stages of the 2007 financial cris in ordet to o a increase the amount of liquidity in the financial system b decrease the amount of liquidity in the financial system c stabilize inflation rate d increase market interest rates QUESTION 18 ts monetary policy by setting a target for the The Bank of CanadacExplanation / Answer
Answer 15:
Option B. The responsibilities of European Central Bank include monetary policy, foreign exchange operations and management of gold reserves.
Answer 16:
Option B. Earlier the discount rate was determined by the federal Reserve Bank of New York.
Answer 17:
Option A. It was introduced to increase the amount of liquidity in the financial system.
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