Examlex
Which one of the following was not mentioned as an advantage of writing over oral communication?
Average Price Level
The average price level refers to the general level of prices for goods and services in an economy over a given period, often used as an indicator of inflation.
Monetary Policy
The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.
Federal Reserve
The central bank of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.
Reserve Ratio
The fraction of depositors' balances that banks must have on hand as cash, a regulation set by central banks to ensure liquidity.
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