Question

Why do central banks play an important role in the global economy?
O A. They print all of the money used for international trade.
B. They regulate the currency exchange market.
C. They set each country's monetary policies.
D. They are able to limit capital mobility
PLEASE HURRY

Answer 1

Answer:

C) They set each countries monetary policy.

Explanation:

The central bank sets all the countries financial goals such as managing inflation and currency value, along with other goals such as bailouts and funding employment opportunities.

Answer 2

The Central banks play an important role in the global economy as they set each country's monetary policies.

Role of Central Banks

The Central Bank is created with the sole purpose of developing an effective financial environment that will drive the economic growth of the country. For developing and underdeveloped nations this role becomes even more prominent.

Central Banks

A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the central bank is usually responsible for the formulation of monetary policy and the regulation of member banks.

Thus, the Central banks play an important role in the global economy as they set each country's monetary policies.

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