Increased Globalization Makes the Practice of Fiscal and Monetary Policy

question 268

True/False

Increased globalization makes the practice of fiscal and monetary policy easier.

---

Definitions:

Cheque Clear

The process by which a cheque's funds move from the issuer's account to the recipient's account, and the cheque is deemed successfully processed.

Banking System

A network of financial institutions, including banks, that provide financial services to the public and businesses.

Availability Float

The time difference between when a deposit is made in a bank account and when the amount becomes available for use.

Collection Float

The time gap between when a check is deposited into a bank account and when the funds become available.