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Which of the following is a tool of monetary policy? (2023)

Practice Questions

Q1
Which of the following is a tool of monetary policy? (2023)
  1. Taxation
  2. Government spending
  3. Interest rates
  4. Subsidies

Questions & Step-by-Step Solutions

Which of the following is a tool of monetary policy? (2023)
  • Step 1: Understand what monetary policy is. It is how a country's central bank manages the money supply and interest rates.
  • Step 2: Identify the tools used in monetary policy. Common tools include interest rates, reserve requirements, and open market operations.
  • Step 3: Focus on interest rates. They are adjusted to influence economic activity, control inflation, and stabilize the economy.
  • Step 4: Recognize that lowering interest rates can encourage borrowing and spending, while raising them can help control inflation.
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