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10.Which of the following indicate the drawbacks of using direct instruments of monetary policy? (I)lose effectiveness of direct instruments since agents start to rely on
10.Which of the following indicate the drawbacks of using direct instruments of monetary policy?
(I)lose effectiveness of direct instruments since agents start to rely on informal credit channels (II)affect overall monetary and credit conditions (III) create severe efficiencies in credit allocation and financial intermediation process (IV)are marked based and operate essentially through interest rates
A.I, II B.I and III C.II and IV D.III and IV
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