Examlex
What were the reasons for the failure of ARS 1 and ARS 3?
Timing Lags
Delays between the implementation of monetary or fiscal policy and the observable effects of these policies on the economy.
Open Market
A freely competitive market in which any buyer or seller can participate, and prices are determined by supply and demand forces.
Goals Of Monetary Policy
The objectives pursued by a country's central bank, including controlling inflation, managing employment levels, and maintaining currency stability.
Time Deposits
A type of bank deposit that has a specified time of maturity and typically offers a higher interest rate than a savings account, with penalties for early withdrawal.
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