The Monetary Conditions Index I: Is a Weighted Average of the Overnight

question 43

Multiple Choice

The Monetary Conditions Index I: is a weighted average of the overnight lending rate and the exchange rate.II: is an index that indicates contractionary monetary policy when it increases.

• A) I is true; II is not.
• B) II is true; I is not.
• C) Both I and II are true.
• D) Neither I nor II is true.

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