The Government Institution That Has Responsibility for the Amount of Money

question 81

Multiple Choice

The government institution that has responsibility for the amount of money and credit supplied in the economy as a whole is the

• A)central bank.
• B)commercial bank.
• C)bank of settlement.
• D)monetary fund.

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Definitions:

Ethical Relativism

The belief that morality is not universal and that ethical truths depend on the individuals and groups holding them.

Situational Ethics

A theory suggesting that ethical decisions should be made based on the specific context of a situation rather than fixed laws.

Deontology

An ethical theory that emphasizes duty, rules, and the inherent rightness of actions, irrespective of the consequences.

Virtue Ethics

A philosophical approach that emphasizes virtues, or moral character, in ethical decision-making rather than rules or consequences.