Examlex
Which of the following characteristics of a central bank is expected to enhance monetary policy credibility?
Accrued Interest
The interest on a loan or bond that has accumulated since the principal investment, or since the last interest payment, if there has been one already.
Using Sinking Fund
The practice of setting aside money over time into a separate account to repay debt or replace a major asset in the future, thus avoiding a large lump-sum expense.
Market Value
Market value is the amount for which something can be sold in a given market at a particular time.
Redemption Value
The price per share a corporation pays to redeem or retire capital stock.
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