Question

How monetary policy is different from credit control?

Answer 1

Definition: Monetary policy is the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity.

Answer 2

Answer:

Credit control, also called credit policy, includes the strategies employed by businesses to accelerate sales of products or services through the extension of credit to potential customers or clients. ... Credit control might also be called credit management, depending on the scenario under review.

Explanation:

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