FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is NOT a function of the central bank? a. Changes in income tax. b. Lender of last resort when there is

Which of the following is NOT a function of the central bank?

a. Changes in income tax.

b. Lender of last resort when there is a bank-run.

c. Sole issuer of notes and coins.

d. Act as a banker to banks and government.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics and Its Application

Intermediate Microeconomics and Its Application

Authors: Walter Nicholson, Christopher M. Snyder

12th edition

978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039

More Books

Students also viewed these Economics questions

Question

★★★★★
How can a put be used to protect a particular position a call?

Answered: 1 week ago

Question

★★★★★
A rocket is launched vertically upward with an initial velocity of 120 m/s from a platform that is 125 m above the ground. Assume that the only force at work is gravity. Determine and graph the...

Answered: 1 week ago

Question

★★★★★
2.37 Suppose that some measurements occur more than once and that the data X1, X2,...,x are arranged in a frequency table as shown here: The formulas for the mean and variance for grouped data are...

Answered: 1 week ago

Question

★★★★★
In this mini-case you will audit and evaluate documents such as bank confirmations and bank reconciliations in the audit of one of EarthWear's cash accounts. The company has several other cash...

Answered: 1 week ago

Question

★★★★★
( 2 0 points ) Convert the state - machine diagram below to a state - machine table. Inputs: x , Y Output: Z Default: Z = 0

Answered: 1 week ago

Question

★★★★★
Express the items in common-size percents. Note: Round your percentage answers to one decimal place omewovk O 'he items In Note your to decimal place. Next Juuuouuel

Answered: 1 week ago

Question

★★★★★
Performance of Buffet's investments. One of the stocks owned by BRK is Coca-Cola (KO) (Apparently Buffett drank five cans of Chery Coke each day!), which Buffett purchased on January 1, 1988 for...

Answered: 1 week ago

Question

★★★★★
Your employer is a social media company. According to office gossip, the company's nonexecutive chairman has not filed individual tax returns for many years. Would this matter be included within the...

Answered: 1 week ago

Question

★★★★★
What is the recommended way of importing multiple secrets into the HashiCorp Vault? Inline, with the '-' at the end of the put Importing a JSON file with the @ operator Redirecting a JSON file as...

Answered: 1 week ago

Question

★★★★★
Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows:...

Answered: 1 week ago

Question

★★★★★
statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $...

Answered: 1 week ago

Question

★★★★★
c) On a separate sheet of paper, ll out the table below regarding the marginal rate of return to schooling for Pat and Kat (4 pts) Year of Schooling p'($) k'(m) 1 4 9 16 (1) Graph the marginal rate...

Answered: 1 week ago

Question

★★★★★
2. List five points that are crucial to pay attention to if you want to positively influence someone from a foreign culture.

Answered: 1 week ago

Question

★★★★★
1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

Answered: 1 week ago

Question

★★★★★
5. Give some examples of hidden knowledge.

Answered: 1 week ago

Previous Question Next Question