The Focus for Most Central Banks Today Is: 

question 7

Multiple Choice

 The focus for most central banks today is: ?

• A) the quantity of M1.?
• B) interest rates.?
• C) the quantity of M2.?
• D) controlling the size of the money multiplier.

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Definitions:

Binding

In economic terms, refers to a price floor or ceiling that is enforced and has an effect on the market, preventing it from reaching equilibrium.

Price Ceiling

A legally established maximum price for a good or service, aimed at preventing prices from rising too high.

Crude Oil

A natural petroleum product that's extracted from the earth, unrefined, and used as a primary feedstock for fuel and various chemical productions.

OPEC

The Organization of the Petroleum Exporting Countries, an intergovernmental organization aimed at coordinating and unifying petroleum policies among its member countries.