The Movement Away from Bank Lending Towards Asset-Backed Securities Has

question 54

Multiple Choice

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

• A) increased the importance of the bank-lending channel of monetary policy.
• B) eliminated the bank-lending channel as a mechanism for monetary policy.
• C) decreased the importance of the bank-lending channel.
• D) led the FOMC to abandon interest-rate targets.

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