Social Sciences, asked by nafihani, 11 months ago

what is monetary policy​

Answers

Answered by suhani50130
1

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the money supply, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.


nafihani: do you have a short answer?
monikapatharia5: Monetary policy consists of the process of drafting, announcing and implementing the plan of actions taken by the central bank, currency board or other competent regulatory authority of a country that determines the scope and impact of the key drivers of the economic activity in that country.
Answered by sanwi55
1

it is the process by which monetary authorityof a country typically the central bank or currency board control cost of very short term borrow

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