Question

__________ instruments of monetary policy affect the volume of credit in the economy​

Answer 1

Explanation:

Of the two types of instruments, the first category includes bank rate variations, open market operations and changing reserve requirements (cash reserve ratio, statutory reserve ratio). Policy instruments are meant to regulate the overall level of credit in the economy through commercial banks.

Answer 2

Answer:

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RBI'S iinstruments of monetary policy affect the volume of credit in the economy.

Explanation:

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