When monetary policy works through changes in the real exchange rate, the effect is called
a. the credit channel.
b. disintermediation.
c. the interest rate channel.
d. the exchange rate channel.
Answer: D
When monetary policy works through changes in the real exchange rate, the effect is called
a. the credit channel.
b. disintermediation.
c. the interest rate channel.
d. the exchange rate channel.
Answer: D