When the European System of Central Banks Uses Main Refinancing

question 111

Multiple Choice

When the European System of Central Banks uses main refinancing operations,it is similar to the Federal Reserve using

• A)dynamic open market operations.
• B)defensive open market operations.
• C)discount policy.
• D)reserve requirements.

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Definitions:

Vertical Restraint

Describes any restriction in a supply chain imposed by a company at one level (e.g., manufacturer) on a company at a different level (e.g., distributor), often affecting how the latter can sell or price its products.

Sherman Act

A landmark federal statute in U.S. antitrust law prohibiting monopolistic practices and promoting competition.

Tying Agreements

Arrangements where the seller conditions the sale of one product on the purchase of another product.

Per Se Violations

Actions or practices that are considered automatically illegal under anti-trust laws, without needing to prove harm.