The European Governing Council defines price stability as inflation (Harmonized Consumer Price Index) below, but close to ___%

Can the member states of the European Union issue coins?

Current accounts are within the ___ operations of commercial banks

The discounts of bills of exchange is within the ___ operations of commercial banks

___ is a corporation or mutual organization that provides trading facilities for stockbrokers to exchange stocks and other securities (stocks, bonds, etc.)

As a general rule, the greater the number of investors participating in a given market, and the greater the centralization of that market, the ___ liquid is the market

The ___ is the agency in charge of supervising and inspection the Spanish Stock Exchanges and the activities of all participants in those markets

A policy is called restrictive if ___ the interest rate

Monetary policiy is described as ___ if expects to reduce inflation

___ policy is primarily associated with interest rates and credit

With the advent of ___ came the ability to set a price between gold and silver, and the price of local currency relative to foreign currencies

One of the goals of monetary policy was to prevent currencies form ___ circulation

The United States Federal Reserve was established in ___

When central banking systems were established, it became clear that there was economic ___

Monetarist macroeconomists have sometimes advocated a simple growth of the money supply at a low and constant rate as the best way to keep inflation low and economic growth stable. However, when the Governor of the United States Federal Reserve, Paul ___ attempted this policy in October 1979, it was found to be impractical because of the highly unstable relationship between monetary agregates and other macroeconomic variables

Some economists see another problem with our current monetary policy. The problem for them is that a ___ proportion of society (including all governments) are perpetually in debt

If the central bank wants to lower interest rates, it ___ public debt

If the exchange rate is pegged or direct in any way, the central bank will have to ___ currencies

In the long run, however, money is neutral, that is, the quantity of money in circulation ___ the quantity of goods produced, as in the neoclassical model

Developing countries that want to establish a credible monetary policy can institute a monetary authority that maintains an __ exchange rate with a currency

The inflation target is reached through periodic adjustment to the Central Bank's ___ rate target

Something similar to the price level target was attempted by ___ in the 1930s, and appears to have contributed to the relative good performance of its economy during the Great Depression

The fixed exchange rate with a fixed level can be seen as a special case of the banded fixed exchange rate where the bands are set to ___

In ___ (one of the most stable economies in the world), at the end of 2010, some economists proposed a constitutional reform where their currency would be backed 100% by gold as a means of defending themselves against the international financial crisis