World Interest Rates Tend to Vary Across a Small Range

question 97

Multiple Choice

World interest rates tend to vary across a small range because:

• A) the IMF has been successful at promoting responsibility in the monetary sector.
• B) world financial markets are integrated, so we see the law of one price at work.
• C) bankers have low market appeal, given the financial crisis.
• D) the BIS has coordinated monetary policy.

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