The Dual Nature of Financial Markets in Developing Countries-Traditional and Modern-Implies

Multiple Choice

The dual nature of financial markets in developing countries-traditional and modern-implies that central banks in developing countries:

A) play essentially the same role as they do in developed economies.
B) find it more difficult to conduct monetary policy than central banks in developed economies.
C) find it easier to conduct monetary policy than central banks in developed economies.
D) have effectively no role to play in the conduct of monetary policy.