The functions of a modern central bank are to: a. Adjust interest rates and other tools to
Question:
The functions of a modern central bank are to:
a. Adjust interest rates and other tools to control the quantity of money and credit in the economy.
b. Operate a payments system.
c. Lend to sound banks during times of stress.
d. Oversee the financial system.
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Related Book For
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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