Question

Aims and objectives ofclassification of the monetary &non monetary family activities PDF

Answer 1

Monetary policy involves the influence on the level and composition of aggregate demand by the manipulation of interest rates and the availability of credit”-D.C. Aston.

Monetary policy implies those measures designed to ensure an efficient operation of the economic system or set of specific objectives through its influence on the supply, cost and availability of money.
The concept of monetary policy has been defined in a different manner according to different economists;
R.P. Kent has defined the monetary policy as “The management of the expansion and contraction of the volume of money in circulation for the explicit purpose of attaining a specific objective such as full employment.”