【单选题】Why is OMO(open market operations) the preferred tool for many central banks around the globe?
A.
It is the central bank’s most flexible tool. It can be used every day and any mistakes can be quickly reversed.
B.
As the OMO has a strong impact on the excess reserves, money multiplier and social money supply of commercial Banks.
C.
OMO can produce a notice effect, which usually indicates the policy intention of the central bank, thus affecting the expectation of commercial Banks and the public.
D.
It can affect the market interest rate by affecting the cost of borrowing funds and the excess reserves of commercial Banks, so as to regulate the supply and demand of funds in the market.
【简答题】Examine the balance sheet of commercial banks in Table 1.3 . What is the ratio of real assets to total assets? What is that ratio for nonfinancial firms ( Table 1.4 )? Why should this difference be ex...