Which of the following is an accurate description of how the primary function of central banks has shifted over time?
A) An initial function of financing government spending; current primary goal of price stability.
B) An initial function of stabilizing the economy; current primary goal of preventing asset bubbles.
C) An initial goal of controlling inflation; current primary goal of achieving economic growth.
D) An initial function as "lender of last resort;" current primary goal of regulating financial markets.
Correct Answer:
Verified
Q1: The central bank of Elousia has an
Q3: The academic literature on central bank independence
Q4: Prior to the 1980s, the Federal Reserve
Q5: The central bank of Substantia uses a
Q6: One of the biggest challenges the Federal
Q7: One thing on which both the political
Q8: Joe has a $1,000 debt with no
Q9: When the price level falls, indebted persons
Q10: One of the concerns about the Federal
Q11: In the 2017 UN working paper entitled
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents