The key task of the European Central Bank is to ___ monetary policy for the Eurozone

___ contributes to supervising the banking sector of the European Union

Loans are within the ___ operations of commercial banks

In ___ the user receives the total amount agreed from the beginning, forcing him to return this and all interest on certain days established before

Types of markets

Stock exchanges serve to ___ your money for a long period of time

___ policy is the process by which the government, central bank, or monetary authority of a country controls: (i) the supply of money, (ii) the availability of money, and (iii) the cost of money or interes rate, to achieve a group of objectives oriented to the growth and stability of the economy

A ___ policy increases the size of the money supply

Since the ___, monetary policy has generally been formed separately (independently) from fiscal policy

One of the forms of monetary policy that existed for many centuries was decisions about currency ___

The Bank of England was created in ___

The establisment of ___ banks by industrialized nations was then associated with the desire to keep tied to the gold standard, and to trade in a narrow band with other gold-backed currencies

The Bank of Spain was born in ___

When central banking systems were established, economic theory began to understand the relationship of the ___ rates to the economic cycle

Milton ___ acknowledged that the money supply goal was less successful that he had expected, in an interview with the Financial Times on June 7, 2003

Many economists disagree with a return to the gold standard. They argue that doing so would drastically ___ the money supply

If the central bank buys public debt (certificates of deposit, in Spain) ___ the amount of cash in circulation or bank reserves

If the central bank buys foreign currency from a foreign investor who wants to invest in our country, the monetary base ___

Independence typically means that the members of the committee that directs monetary policy have ___ terms

___ countries may have problems establishing an effective and operational monetary policy

Developing countries that want to establish a credible monetary policy can adopt the ___

The inflation target is reached through periodic adjustments to the Central Bank's interest rate target. The interest rate used is generally the ___ rate

Since ___, no country has operated a monetary policy based on a price level target

Under a system of ___ exchange rates maintained by a monetary authority, each unit of local currency must be backed by one unit of foreign currency (corrected for the exchange rate)

A form of gold standard was widely used throughout the world before ___