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Role of MSMEs in Developing the Philippine Economy

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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?

To prevent any lingering effects on employment and businesses Signup and view all the answers

What is the primary responsibility of a central bank?

Overseeing the monetary system and policy of a nation Signup and view all the answers

Why was the Bank of France created in 1800?

To restore confidence in the French banking system Signup and view all the answers

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

Bank of England Signup and view all the answers

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

Acting as a lender of last resort to troubled financial institutions Signup and view all the answers

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

Jerome Powell Signup and view all the answers

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

Overseeing the policies of the eurozone Signup and view all the answers

What is the main responsibility of the Bank of Canada?

Formulating monetary policy and regulating the country's financial system Signup and view all the answers

What does MSME stand for in the Philippines context?

Micro, Small, and Medium Enterprises Signup and view all the answers