One of the Factors That Contributed to the Success German

question 70

Multiple Choice

One of the factors that contributed to the success German policymakers had using a monetary targeting type policy was that

• A)they used a rigid target for the money growth rate.
• B)they implemented policy so their inflation rate goal was met in the short run.
• C)the money target was flexible to allow the Bundesbank to concentrate on other goals as needed.
• D)they rarely communicated the intentions of policy to the public in order to keep the public from panicking.

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Definitions:

FIFO

"First-In, First-Out," an inventory valuation method where the cost of goods sold is based on the oldest inventory items.

Lower Of Cost

Lower of Cost or Market (LCM) is an accounting principle that values inventory at the lower of its historical cost or current market value.

Inventory Value

The total cost or market value of all the goods and materials held by a company for the purpose of resale or production.

Market Decline

A decrease in the overall value of a market, evidenced by falling asset prices and often associated with economic downturns.