The primary function of central banks is to: Answer a. Increase risk and volatility to increase compensation b. Control inflation and help reduce business cycle fluctuations c. Increase the uncertainty that firms face in making investment decisions d. Eliminate the need for banks to collect financial information

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter18: Money And The Federal Reserve System
Section18.5: The U.s. Banking Revolution
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The primary function of central banks is to:

Answer

a. Increase risk and volatility to increase compensation

b. Control inflation and help reduce business cycle fluctuations

c. Increase the uncertainty that firms face in making investment decisions

d. Eliminate the need for banks to collect financial information

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