Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?

- a poorly developed securities market

an externally dependent banking system

I- a low percentage of demand deposits divided by the total money supply

- the relative insensitivity of investment and employment to monetary policies

Central banks in LDCs generally have less effect on expenditure and ou

1.	Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?
A.	an externally dependent banking system
B.	- a poorly developed securities market
C.	I- a low percentage of demand deposits divided by the total money supply
D.	- the relative insensitivity of investment and employment to monetary policies
Answer» B. - a poorly developed securities market