Question

monetary policy is concerned with the regulation of the quantity cost and allocation of money and credit in the economy elaborate in your own words the suitable answer to the above statement​

Answer 1

Answer:

Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency.

Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing[4] as methods for a government to manage business cycle phenomena such as recessions.

hope it is help full

mark me as brain list