After completing learning activities answer the following questions in complete sentences
1. Should There Be One Global Central Bank?
2. How is money supply growth affected by an increase in the reserve requirement ratio?
3. Do you think that large financial institutions should have been rescued by the Fed during the credit crisis? Why Lehman wasn't rescued?
In such a challenging and changing world economy, the role of the central bank can not be denied. A global central bank is surely needed who can understand the financial issues of the world economies and can issue recommendation to correct the same. Because of lack in leadership, misery among world economy is getting spread and it is high time to ponder where our economy is heading towards. At this time, only a global central bank can analyze the financial position of the economies and arrange credits to push forward these economies. Therefore, certainly a global central bank is needed.
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