NO.PZ2016010802000163
问题如下:
The least likely limitation to the effectiveness of monetary policy is that central banks cannot:
选项:
A.accurately determine the neutral rate of interest.
B.regulate the willingness of financial institutions to lend.
C.control amounts that economic agents deposit into banks.
解释:
A is correct.
The inability to determine exactly the neutral rate of interest does not necessarily limit the power of monetary policy.
考点:Limitation of Monetary Policy
解析:
A中性利率,既不会过度促进也不会拖拉经济发展水平。即便不知道中性利率的具体数值,但是如果目前通胀严重,央行就实施紧缩的货币政策,目前经济下行央行就实施扩张的货币政策。再比如中性利率是4%,央行估计是4.5%,央行想实施紧缩货币政策。它把目标利率设定到5%,一样起作用。所以A选项入选。
B 央行不能控制商业银行的贷款意愿,在经济不好的时候,商业银行不愿意贷款给企业,因为担心放贷出去的资金会打水漂,这便是货币政策的限制之一。所以B选项不入选。
C别人愿意把多少存款放在银行里也是央行不能决定。C选项不入选。
RT