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Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, repo rate, and open market operations. As the bankers' bank, the RBI facilitates the clearing of cheques between the commercial banks and helps the inter-bank transfer of funds. It can grant financial accommodation to schedule banks.
By controlling the merger process the government was able to breed easy-credit banks by a process of artificial selection. [ 127 ] Steven D. Gjerstad and Vernon L. Smith , reviewing the research on the role of the CRA, find that CRA loans were not significant in the crisis but CRA scoring (bank ratings) played an important role.
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
According to the government's white paper in 2010 on the subject of Internet in China, the government protects "the safe flow of internet information and actively guides people to manage websites under the law and use the internet in a wholesome and correct way". [144]
Government cheese is a commodity cheese that was controlled by the US federal government from World War II to the early 1980s. Government cheese was created to maintain the price of dairy when dairy industry subsidies artificially increased the quantity supplied of milk and created a surplus of milk that was then converted into cheese, butter ...
The term Government of Quebec (French: Gouvernement du Québec) is typically used to refer to the executive—ministers of the Crown (the Executive Council) of the day, and the non-political staff within each provincial department or agency, i.e. the civil services, whom the ministers direct—which corporately brands itself as the Gouvernement ...
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