3) Which tool is not part monetary policy?
a) Bank rate b) Repo rate c) Budget d) Ethical explanation
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ethical explaination
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Optin d) Ethical explanation is not part of monetary policy.
Defining monetary policy:
"Controlling the quantity of money present in the economy and channels by which new slots of money can be supplied."
Tools of monetary policy:
- Repo rate
- Budget
- Bank rate
- Discount rate
- reverse repo rate
- interest on reserves
The Ethical explanation has nothing to do with the monetary policy.
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