Role of MSMEs in Developing the Philippine Economy
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Questions and Answers

What is one of the challenges central banks face regarding interest rates?

  • Maintaining stable prices through interest rate adjustments
  • Focusing solely on financial instability
  • Stimulating economic growth without causing inflation (correct)
  • Avoiding reducing poverty through job creation

How do Micro, Small, and Medium Enterprises (MSMEs) contribute to the Philippine economy?

  • By focusing on global economic uncertainty
  • By addressing income differences
  • By creating jobs and reducing poverty (correct)
  • By dealing with cybersecurity concerns

What is one aspect of financial stability central banks are concerned about?

  • Global Economy Uncertainty (correct)
  • Sustainable Money
  • Interest Rates Puzzle
  • Dealing with Prices

Why is managing economic recovery important in the aftermath of pandemic-related interventions?

<p>To prevent any lingering effects on employment and businesses (C)</p> Signup and view all the answers

What is the primary responsibility of a central bank?

<p>Overseeing the monetary system and policy of a nation (D)</p> Signup and view all the answers

Why was the Bank of France created in 1800?

<p>To restore confidence in the French banking system (B)</p> Signup and view all the answers

Which country's central bank originated as a joint stock company?

<p>Bank of England (B)</p> Signup and view all the answers

What is one of the functions of a central bank as described in the text?

<p>Acting as a lender of last resort to troubled financial institutions (C)</p> Signup and view all the answers

Who is the current Governor of the U.S. Federal Reserve?

<p>Jerome Powell (A)</p> Signup and view all the answers

What is the primary role of the European Central Bank (ECB)?

<p>Overseeing the policies of the eurozone (D)</p> Signup and view all the answers

What is the main responsibility of the Bank of Canada?

<p>Formulating monetary policy and regulating the country's financial system (A)</p> Signup and view all the answers

What does MSME stand for in the Philippines context?

<p>Micro, Small, and Medium Enterprises (B)</p> Signup and view all the answers

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