Question
In a corridor system, ____________ A.the central bank supplies lending or borrows in the overnight market to achieve its target overnight interest rate. B.the bank
In a corridor system, ____________
A.the central bank supplies lending or borrows in the overnight market to achieve its target overnight interest rate.
B.the bank rate determines the overnight interest rate.
C.reserves must be sufficiently large.
D.the interest rate on deposits at the central bank determines the overnight interest rate.
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
