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1. …….. is a sudden and large increase in general price level (a) Hyperinflation (b) Creeping Inflation (c) Stagflation (d) Volatile inflation 2. …….. and ……… are two of the factors that can cause currencies to either appreciate or depreciate (a) relative prices (b) speculative activities (c) population (d) a and b 3. ….. occur because prices in the goods and services market are low relative to costs of production and resource prices (a) Inflation (b) Booms (c) Recessions (d) Deflation 30. The Central Bank sometimes uses ……. to persuade commercial banks through policy statements, public pronouncements, outright appeals, warning that excessive expansion or contraction of bank credit, might involve serious consequences for the banking system and the whole economy (a) Selective credit control (b) Credit ceiling (c) Moral Suasion/Directives (d) Open market operation
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