Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is

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“Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is preferred to the reserve aggregates as a policy instrument.” Do you agree or disagree? Explain your answer.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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Question Posted: Nov 09, 2018 12:18 PM

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Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is

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Disagree Although nominal interest rates are measured more accurately and more quickly than rese...View the full answer

The Economics of Money Banking and Financial Markets

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