下载亿题库APP
联系电话:400-660-1360
请谨慎保管和记忆你的密码,以免泄露和丢失
请谨慎保管和记忆你的密码,以免泄露和丢失
The Roles of Central Banks
Central banks are designated in law as being the monopoly suppliers of a currency.
Initially, these monopolists supplied money that could be converted into a pre-specified amount of gold; they adhered to a gold standard.
Money in all major economies today is not convertible by law into anything else, but it is, in law, legal tender.
Money that is not convertible into any other commodity is known as fiat money. Fiat money derives its value via government decree and because people accept it for payment of goods and services and for debt repayment.
Roles normally assumed by the central bank:
Monopoly supplier of the currency
Banker to the government and the bankers’ bank
Lender of last resort
Regulator and supervisor of the payments system
Conductor of monetary policy
Supervisor of the banking system
Measures of Central Tendency:mean is the sum of the observations divided by the number of observations.:In an odd-numbered:[Practicethan the mean for Portfolio R.
The Components of GDP:The Components of GDP:servicesM = Imports
The Roles of Central Banks:Central banks are designated in law as being the;monopoly suppliers of a currency.,Initially,could be converted into a pre-specified amount of gold:Supervisor of the banking system
微信扫码关注公众号
获取更多考试热门资料