Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?_x005F_x000D_I- an externally dependent banking system_x005F_x000D_II- a poorly developed securities market_x005F_x000D_III- a low percentage of demand deposits divided by the total money supply_x005F_x000D_IV- the relative insensitivity of investment and employment to monetary policies

Central banks in LDCs generally have less effect on expenditure and ou

1.	Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?_x005F_x000D_I- an externally dependent banking system_x005F_x000D_II- a poorly developed securities market_x005F_x000D_III- a low percentage of demand deposits divided by the total money supply_x005F_x000D_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.

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