Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What is the basic function of Central banks?
A central bank is a public authority which is responsible for monetary policy for a country or a group of countries. Two significant central banks are the European Central Bank (for countries which are members in the European Monetary Union) and Federal Reserve of the United States.
Central banks have a monopoly on issuing national currency and primary responsibility of a central bank is to preserve a stable national currency for a country (or a stable common currency for a currency union). Stability is a number of times specified in terms of inflation and/or growth rate in the money supply.
Other significant responsibilities include providing banking services to commercial banks and government and regulating financial markets and institutions. In this sense, a central bank is the "bankers' bank" - other banks can borrow from or lend money to the central bank. Consequently all banks in a country have an account in the central bank. When a commercial bank orders currency from central bank, corresponding amount is withdrawn from this account. This account is also used for transfers between commercial banks. Central banks also manage country's foreign exchange and gold reserves.
Suppose that Michael and Dwight each have a $60 weekly entertainment budget. They pay the same prices for two goods, "an evening reading books" (an ERB) and "an evening of beer and
Inflation (RPI) - another imperative channel. Oil is a necessity for the UK, and is price inelastic therefore one can analyse the correlation between a price shock and inflation. I
What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
A lobster catcher spends $12 500 per month to maintain a lobster boat. He plans to catch an average of 20 days per month during lobster season. For each day, he must allow approx
policy measures to control trade cycle
Suppose the supply function for product X is given by Qsx = -50 + 0.5Px - 5Pz. A. How much of product X is produced when Px = $500 and Pz = $30? B. How much of product X is p
Consider the following prisoners' dilemma game. C D C 4,4 0,6 D 6,0 1,1
WHY IS INTERNATIONAL TRADE IMPORTANT IN SOUTH AFRICA
Why is private property, and theand the protection of property rights , so critical to the success of the market system ? How do property rights encourage cooperation?
What are the three methods that societies have used to allocate their scarce resources? Give an example of each method. Give an example of a good that uses all three methods at onc
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd