The primary objective of the European Central Bank is to ___
Maintain price stability within the Eurozone
Increase prices within the Eurozone
Decrease prices within the Eurozone
One of the key tasks of the European Central Bank is to take care of (guard) the foreign reserves of the ___
Eurosystem
European System of Central Banks
None of the other answers is correct
Commercial banks ___ operations consist of borrowing money
Active
Passive
The other answers are correct
Saving accounts are among the ___ operations of commercial banks
The other answers are correct
Active
Passive
In ___ the bank advances to a person the amount of a commercial paper
Credit accounts
Loans
Discount of bills of exchange
The __ market is the financial market where previously issued securities and financial instruments such as stocks, bonds, opcions and futures are bought and sold for a second or successive times
Secondary
Primary
Tertiary
Accuracy in a share price can make a hostile takeover a ___ risky proposition
Less
More
The other answers are correct
The beginnings of monetary policy come from the late ___ century, where it was used to maintain the gold standard
18th
19th
17th
Monetary policiy is described as ___ if the interest rate set by the central monetary authority is intended to create economic growth
Neutral
Restrictive
Accommodative
If an employee expects prices to be higher in the future, they will prepare (request a change) a contract with a ___ wage to match theses prices
High
Low
Equal
Monetary policy, for many centuries, was seen as a decision for ___
Banks
Governments
Businessmen
One of the goals of monetary policy was to ___ the value of the minting of coins
Destroy
Keep
The other answers are correct
Maintaining a gold standard required almost ___ interest rate adjustments
Daily
Weekly
Monthly
When central banking systems were established, the central bank's role as the "lender of ___ instance" was understood
Last
First
Median
According to the Cass Business School there has been a ___ of cycles in economies before central bank policies existed
Large amount
Lack
The other answers are correct
A small group of people (economists) advocates a return to the gold standard (the elimination of the legal tender status of the dollar and even the Federal Reserve). Their argument is basically that monetary policy is loaded with ___
Safety
Risk
The other answers are correct
The ___ Bank influences interest rates by expanding or contracting the monetary base, which consists of money in circulation and bank's reserves in deposits with the central bank
Bilbao, Vizcaya, Argentaria
Santander
Central
Lower cash ratio ___ loans
Increases
Maintains
Decreases
A central bank can lose control of domestic monetary policy when ___ also managing the exchange rate
The other answers are correct
Is
Isn't
In the ___, central banks began to adopt formal and public inflation targets with the goal of making the results, if not the process, of monetary policy more transparent
1970s
1980s
1990s
Countries that don't have deep debt markets ___ conduct open market operations
Can't
The other answers are correct
Can
Under the ___ target, the requested or established objective is to preserve the inflation defined under a particular standard such as the Consumer Price Index, within a desired scope or specific numerical objective
Prices
Inflation
The other answers are correct
Taylor's rule adjusts the interest rate in response to changes in ___
The inflation rate
The output gap
The other answers are correct
In the 1980s, several countries used and approach based on constant growth in the money supply, In the United States, this approach to monetary policy was suspended with the selection of Alan ___ as chairman of the Federal Reserve
Greenspan
Walker
Rickman
The gold standard can be seen as a special case of "___ exchange rate" policy