What do modern central bankers not do?
What will be an ideal response?
A modern central bank does not control securities markets, though it may monitor and participate in bond and stock markets. Second, the central bank does not control the government's budget. In the United States the budget is determined by Congress and the President. The Fed is only involved because it acts as the Treasury's bank.
Economics
You might also like to view...
Recent rapid economic growth in India and China has reduced the amount of "brain drain" in those countries
Indicate whether the statement is true or false
Economics
If inflation is higher in the home market, what is expected to happen to the real value of the home currency as time passes?
What will be an ideal response?
Economics