Turkey Cuts Interest Rate to 9%

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason given by the central bank for lowering one of its interest rates?
To stabilize the currency
To ease monetary conditions at home
To simplify the monetary policy framework
To increase foreign investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Since March, what has been the impact of the central bank's rate cuts on commercial banks?
Increased interest rates for loans
Higher reserve requirements
No change in cash flow
Decreased average cost of cash
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the central bank's rate cuts affect cash loans for ordinary citizens?
Loan rates were abolished
Loan rates remained unchanged
Loan rates increased significantly
Loan rates decreased from high levels
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is unique about the Turkish central bank's monetary policy setup?
It uses a single interest rate
It adjusts monetary conditions annually
It employs a three interest rate policy
It follows the US Federal Reserve's policy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the Turkish central bank decide to shift to a simpler policy rate framework?
To increase complexity in monetary policy
To align with the US Federal Reserve's normalization
To reduce inflation
To attract more foreign investors
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