Central banks are in charge of implementing monetary policy and controlling the money supply. They are typically tasked with maintaining low inflation and steady GDP growth. To manage the cost of borrowing and lending across an economy, central banks have an impact on interest rates and take part in open market activities.
Globally, central banks are charged with a number of significant duties. The first and possibly most obvious responsibility is the creation of money. Central banks print money, which is then used by individuals, households, and businesses to conduct transactions and, essentially, track where money is being spent.
Additionally, central banks are responsible for ensuring the stability of the financial systems in their respective economies. To do this, they must closely monitor lending standards throughout the economy and guarantee that credit is available when needed. In that situation, they also serve as the government and commercial banks' last-resort lenders.
One of the main functions of central banks is to watch and monitor economic data, and economists use this role to find out what the leading expert on the subject will have to say. And that brings us to the final duty of central banks everywhere, which is to formulate monetary policy. Setting interest rates is the most important tool in the arsenal of monetary policy's many separate instruments. As a result, central banks from all over the world are working in various macroeconomic conditions and will respond in a certain way to ensure that their own economies are doing as they would like.
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Answer:
Labeling theory
Explanation:
Labeling theory: In sociology, the term labeling theory was originated with the work of Howard Becker during the 1960s. It is defined as the phenomenon that describes the reason behind an individual's behavior which clashes with social norms. It depends on the deviant view that explains that if an individual is being labeled as deviant then it will cause them to behave in a deviant manner. The theory states that not a single behavior of an individual is inherently deviant
Example: An individual who drives faster than the desired speed limit, or robs a store or bank.
Life goes on by oliver tree
Explanation:
It is not important only for what we speak but is important to what we write and how to say it. To communicate well this is only not enough to have well-organized ideas expressed concretely and coherently. One must also think about the style tone and clarity of his/her ideas and adapt these elements to read in public. To choose the effective language, the writer must be considered the objective of the documents
<u>Characteristics of an effective language:
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- Concrete and specific not wide and vague.
- Concrete not verbose
- Familiar, not obscure
- Precise and clear not inaccurate and ambiguous
- Constructive, not destructive
- Appropriately formal.
