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Chinazdk · 2024年02月10日

C

NO.PZ2023061903000076

问题如下:

Q. A prolonged period of an official interest rate very close to zero without an increase in economic growth most likely suggests:

选项:

A.quantitative easing must be limited to be successful.

B.the effectiveness of monetary policy may be limited.

C.targeting reserve levels is more important than targeting interest rates.

解释:

B is correct. A central bank would decrease an official interest rate to stimulate the economy. The setting in which an official interest rate is lowered to zero (or even slightly below zero) without stimulating economic growth suggests that there are limits to monetary policy.

C选项为什么不对呢???

1 个答案

Shimin_CPA税法主讲、CFA教研 · 2024年02月12日

嗨,爱思考的PZer你好:


C选项的意思是:在很长的一段时间里,官方利率都接近于0,但经济没有增长,那么央行应当关注准备金水平,因为准备金水平比关注利率水平更加重要。

这句话是不对的。央行降低法定准备金率确实可以使得商业银行有充足的资金,但因为经济不景气,商业银行放贷之后极有可能收不回来,所以银行为了避免产生不良贷款,及时手头资金充裕也不愿意通过放贷的方式让货币流动起来,从而带动市场回暖。所以央行降准,不能使得经济增长。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!