Classify each of the following as either a policy instrument or an intermediary target. Explain your answer.

Question:

a. Long-term interest rates

b. Central bank interest rates

c. M2

d. Reserve requirements

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The Economics Of Money Banking And Financial Markets

ISBN: 9781292268859

12th Global Edition

Authors: Frederic S. Mishkin

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Question Posted: Mar 23, 2024 12:01 AM

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Classify each of the following as either a policy instrument or an intermediary target. Explain your answer.

Question:

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a Longterm interest rates Longterm interest rates are typically considered an intermediary target They are not directly controlled by policymakers but ...View the full answer

The Economics Of Money Banking And Financial Markets

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