Examlex
When monetary policy objectives are to contract the economic growth, which of the following occurs?
Contract
A pact among two or more parties that holds legal force and is binding.
Duty
An obligation or responsibility imposed by law, moral guidelines, or codes of conduct that requires a person or entity to act or refrain from acting in a certain way.
Assignable
Capable of being transferred from one party to another, typically referring to rights or property.
Delegating Duties
The process of assigning responsibility and authority to another person to carry out specific activities, while the original person remains accountable for the outcome.
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