What do you mean by monetary policy ?
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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.
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Answer:
Monetary policy is the policy relating to the control of
1) supply of money
2) availability of credit
3) cost of credit
with a view of combating the situations of excess and deficient demand in the economy
Explanation:
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