The Zero Lower Bound on the Nominal Interest Rate Arises

question 13

Multiple Choice

The zero lower bound on the nominal interest rate arises because

• A) if the nominal interest rate were less than zero, an arbitrage opportunity would exist.
• B) bank profits must be zero.
• C) the government would not allow it.
• D) the economy would crash.

Distinguish between technical skills and human skills and their significance in management.

Recognize the importance of lifelong learning for long-term career success.

Identify the role and functions of a manager according to Mintzberg’s managerial roles.

Understand the concepts of virtual teams and their operations within organizations.