The Lowest Feasible Level for a Central Bank's Key Policy

question 22

Multiple Choice

The lowest feasible level for a central bank's key policy rate is called the

• A) minimum prime business rate.
• B) minimum overnight lending rate.
• C) benchmark rate.
• D) lowest official interest rate.
• E) effective lower bound

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Definitions:

Enthymeme

A syllogism or form of reasoning in which one of the premises is implicit or assumed rather than stated.

Missing Premise

a logical gap in an argument where an unstated or implied premise is necessary for the argument to hold.

Syllogism Validity

A measure of a syllogism's correctness in deducing the conclusion from two premises, based on the structure of the argument.

Syllogism Validity

The logic of an argument's structure determining its correctness or faultiness based on premises leading to a conclusion.