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my answers: the general price of goods will increase. Much money will purchase fewer goods. The producer will have to produce more so as to increase it sales. The public will suffer for this actions. Bank lending rate will be higher as demand for money will be of great importance.
What else can I help you with?
How does central bank control inflation?
the central bank controls inflation through one of the following, open market operation,special deposit,cash ratio,bank rate,funding,credit ceiling etc.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
Did the south African reserve bank succeeded in keeping its inflation target within the range?
Has the South African Bank failed in keeping inflation within the range of 3 to 6 percent? Discuss
What is a sharp or sudden rise in prices resulting from an increase in paper money or bank credit?
Inflation.
How is inflation controlled in the UK?
In the U.K. inflation is controlled in principle by the Bank of England Monetary Policy Committee by adjusting the minimum lending rate ('bank rate') of interest. However, at the moment (October 2008) actual interest rates are higher and 'out of synch' with MLR.
What precautions can individuals take to protect themselves from falling victim to a bank deposit scam?
Individuals can protect themselves from falling victim to a bank deposit scam by verifying the legitimacy of the bank or financial institution, avoiding sharing personal or financial information with unknown sources, being cautious of unsolicited offers or requests for money, and regularly monitoring their bank accounts for any suspicious activity.
Was the ATM the answer to inflation?
No. The ATM does not in any way affect or answer inflation. It is just a machine through with customers can do banking transactions without visiting their bank. It does not cause or affect inflation. Only the country's central bank can control inflation by changing regulatory policies.
What is required to slow down inflation?
the government can slow down inflation by reducing bank interest rates.
Is it advisable if you deposit to a bank during inflation?
yes
How can one protect themselves against credit card theft?
There are many way to protect ones self from credit card theft. Some of them are guard information online, monitor bank and credit card statements, verify mailing address with post office and financial companies, and monitor credit report.
How central bank control inflation?
the central bank controls inflation through one of the following, open market operation,special deposit,cash ratio,bank rate,funding,credit ceiling etc.
How does central bank control inflation?
the central bank controls inflation through one of the following, open market operation,special deposit,cash ratio,bank rate,funding,credit ceiling etc.
What is the inflation target range as set by the South African Revenue Bank?
Since 2000, the South African Revenue Bank has held inflation targeting as its prime monetary policy goal. SARB has an consumer price inflation (CPI) objective of 3-6%.
Who calculates the inflation rate in US?
Inflation rate is calculated by Reserve Bank of India . For inflation rate , basic necessitygoods price is taken as base and on that bases inflation rate is calculated.
Did the south African reserve bank succeeded in keeping its inflation target within the range?
Has the South African Bank failed in keeping inflation within the range of 3 to 6 percent? Discuss
Has the reserve bank of South Africa succeeded in keeping inflation within the range?
Yes, because the inflation rate is now low.
What can people do to protect themselves against skimming?
To protect themselves against skimming, people can use RFID-blocking wallets or sleeves to shield their credit and debit cards from unauthorized scans. It's also advisable to regularly monitor bank statements and transaction histories for any suspicious activity. Additionally, individuals should be cautious when using ATMs or point-of-sale terminals, opting for machines in well-lit, secure locations. Lastly, setting up alerts for transactions can help quickly identify and respond to potential fraud.
