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Mark carefully analyzed his financial portfolio and found out that every time the European Central Bank increases its discount rate by a decimal point his revenue decreases by 100 €. On the other hand, if the ECB lowers its discount rate by a decimal point his revenue increases by 65 €. In February 2012 (leap year) the ECB has not changed the discount rate for 19 days;
when it did change the rate, the variation was always of a single decimal point. Assuming the ECB can vary its discount rate only once a day, how many times did it make a positive change in the rate if Mark's revenue increased by 155 € at the end of the month? ​

Respuesta :

anthougo

If Mark's revenue increased by 155 € at the end of the month, the number of times that the ECB made a positive change in the rate is 2.4 times.

What is the ECB's monetary policy?

The European Central Bank's monetary policy aims to influence:

  • Price stability
    Inflation
  • Consumption
  • Economic growth
  • Liquidity
  • Preserve the value of the Euro.

Data and Calculations:

Mark's revenue increase when ECB lowers the discount rate = 65 €

Increase in Mark's revenue = 155 €

The number of times the ECB lowered the discount rate = 2.4 times (155 €/65 €).

Thus, if Mark's revenue increased by 155 € at the end of the month, the number of times that the ECB made a positive change in the rate is 2.4 times.

Learn more about monetary policy at https://brainly.com/question/2417605

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