21COM112 Lecture Notes - Business Cycle

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konamipesjr2021

11 Dec 2022

School

Amrita Vishwa Vidyapeetham - Amritapuri Campus

Department

Economics

Course

21COM112

Professor

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Document Summary

In india, this responsibility is vested with the reserve bank of india (rbi). Establishment of rbi: rbi was established in 1935 according to the reserve bank of india act of, situated in mumbai, the rbi is wholly owned and operated by the indian. Government: the operations of the rbi are governed by the central board of directors which comprises of 21 members appointed by the government of india by the. Act: the central board of directors consists of the official directors and the non- Official directors: the official directors would include the governors appointed for four years with an addition of 4 deputy governors, the non-official directors comprise of 10 directors elected from multiple fields along with 2 government officials. Chain of command: governor, deputy governor, executive directors, principal chief general manager, chief general managers, general managers, deputy general managers, assistant general managers, managers, assistant managers, support staff.

Related Questions

why is a fractional reserve banking system so unstable? Describe two ways in which government regulation has made the fractional reserve banking system possible. Make sure you explain how the fractional reserve system is brought about. Also, how would a complete free market with regard to the monetary and banking system (i.e., no government fiat money, no Federal Reserve, no Federal Deposit Insurance Corporation, and no regulations of the banking and monetary system whatsoever) eliminate the fractional reserve banking system? Finally, how does the government directly and indirectly create inflation?

The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Its policymakers, the seven-member Board of Governors, serve 14-year terms with one member appointed every two years. There are 12 Federal Reserve District Banks spread around the county rather than one central bank in Washington, D.C. to carry out the policies established by the Board of Governors.

Why do you think the Fed was set up in this manner? Do you think that it is a good system for establishing and carrying out monetary policy in the country? Some politicians have suggested that the executive and/or the legislative branches of government should have more say or influence regarding monetary policy. In your opinion, would this be a good idea or not?

peachbee229

- An increase in government transfer payments of $250 billion and a tax cut of $250 billion will have _____ effects on the budget balance and _____ effects on real GDP.

A) equal; equal

B) equal; unequal

C) unequal; equal

D) unequal; unequal

- In the structure of the Federal Reserve, which of the following is part of the government?

I. the Board of Governors

II. the 12 regional Federal Reserve Banks

A) I only

B) II only

C) I and II

D) neither I nor II

- The Federal Reserve Bank of the United States is:

A)a purely private central bank.

B)a purely public central bank.

C)part of the U.S. government.

- If the Federal Reserve wants to increase the money supply, it could:

A)sell U.S. Treasury bills.

B)cut taxes across the board.

C)lower the reserve requirement.

D)increase the discount rate.

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21COM112 Lecture Notes - Business Cycle

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