The Fed and Other Central Banks Have Seen a Decline

question 34

Multiple Choice

The Fed and other central banks have seen a decline in their ability to control domestic economies because of all of the following except that

• A)the banking system share of intermediation is declining.
• B)banks have found ways to attract deposits that are not subject to reserve requirements.
• C)global forces are more important than ever before.
• D)the power of the IMF has increased.

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Definitions:

Social Responsibility

A business’s obligation to maximize its positive impact and minimize its negative impact on society.