The Guiding Principle for the Conduct of Monetary Policy That

question 96

Multiple Choice

The guiding principle for the conduct of monetary policy that held that as long as loans were being made for "productive" purposes,then providing reserves to the banking system to make these loans would not be inflationary became known as the

• A)free reserves doctrine.
• B)Benjamin Strong doctrine.
• C)efficient liquidity doctrine.
• D)real bills doctrine.

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Definitions:

Lease

(1) A transfer of the right to possess and use goods for a period of time in return for consideration. (2) The agreement between a landlord and a tenant that specifies the terms of a property rental.

Surrendering Property

The act of voluntarily giving up rights to property, often in a legal or financial context, such as in bankruptcy.

Writing

A type of documentation that shows contractual intent and satisfies the statute of frauds requirement.

Vacating

the act of leaving a place or position, or legally nullifying a legal judgment or contract.