MCQOPTIONS
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| 1. |
Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ? I- an externally dependent banking system II- a poorly developed securities market III- a low percentage of demand deposits divided by the total money supply IV- the relative insensitivity of investment and employment to monetary policies |
| A. | I and II only |
| B. | III and IV only |
| C. | I, II and III only |
| D. | I, II , III and IV |
| Answer» E. | |