Question 8
Fill the gaps in the following passage as appropriate Central Banks around the world intervened to the tune of one hundred and twenty dollars recently to shore up confidence in the global financial system concerns about a crunch in the credit markets spread. The United state federal Reserve became the last central bank to make extra ......6..... available to the financial institutions in the .....7...... market. In a statement made recently, the Federal Reserve said it was 'providing liquidity to facilitate the orderly .....8..... of financial markets' and offered to provide reserves 'as necessary' to promote a Federal ...... 9...... rate close to its target rate of 5.25percent.
Objective