The Movement Away from Bank Lending Towards Asset-Backed Securities

question 63

Multiple Choice

The movement away from bank lending towards asset-backed securities:

• A) has increased the importance of the bank-lending channel of monetary policy.
• B) has eliminated the bank-lending channel as a mechanism for monetary policy.
• C) has not affected the importance of the bank-lending channel.
• D) will require the FOMC to rethink the quantitative impact of changing the target federal funds rate.

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Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual that are consistent over time and across situations.

Exit-Voice-Loyalty-Neglect

A framework describing how people respond to dissatisfaction within organizations, where exit means leaving the organization, voice means attempting to change the conditions, loyalty means remaining loyal despite issues, and neglect involves reducing work effort.

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