LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory If most savings move from conventional banks to digital-only banks, how might this affect monetary policy implementation?

Question

LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory If most savings move from conventional banks to digital-only banks, how might this affect monetary policy implementation?

Answer

It removes the need for a central bank reserve system.

Answer

It may complicate transmission if digital banks operate with different reserve structures.

Answer

It makes policy more effective since all banks react identically.

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LG 1. Knowledge Comprehension LO 1.1. Generate knowledge of core concept and...

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