Ecs3701 exam packs 2023 - Study guides, Class notes & Summaries

ECS3701 EXAM PACKS 2023(2 EXAM PACKS COMPLETE WITH ANSWERS) Last document update:   ago

Explain the following terms i. Inflation targeting Monetary policy strategy that involves public announcement of a medium-term numerical target for inflation. ii. Interest rate risk The riskiness of earnings and returns that is associated with changes in interest rates iii. Monetary Policy Monetary policy can be defined as the measures taken by the monetary authorities to influence the quantity of money or the rate of interest with a view to achieving stable prices, full employmen...