In May 2012,the People's Bank of China,which is akin to the Federal Reserve,lowered its reserve requirements.The goals of the People's Bank are similar to the goals of the Fed.
a.Which goals would require China's central bank to lower its reserve requirements?
b.One of China's goals conflicted with the goals that resulted in the reserve requirement being lowered.Which goal was temporarily set aside? (Hint: You do not have to know history to answer this question.What does lowering the reserve requirement do?)
c.The People's Bank has tools similar to the Fed's.How might the People's Bank have used its other tools?

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The Answer of In May 2012,the People's Bank of China,which is akin to the Federal Reserve,lowered its reserve requirements.The goals of the People's Bank are similar to the goals of the Fed.
a.Which goals would require China's central bank to lower its reserve requirements?
b.One of China's goals conflicted with the goals that resulted in the reserve requirement being lowered.Which goal was temporarily set aside? (Hint: You do not have to know history to answer this question.What does lowering the reserve requirement do?)
c.The People's Bank has tools similar to the Fed's.How might the People's Bank have used its other tools?

In May 2012,the People's Bank of China,which Is Akin to the Federal