Monetary, Fiscal & Incomes Policy, & Inflation Mcqs

Q.  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: See Answer
 
No explanation is available for this question!
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