Tools of monetary policy do not include?

By: |Published on: Mar 28|Categories: Economics WAEC| 0 comments

A. open market operations
B. reserve requirement
C. bank rate
D. tax and public expenditure

Correct Answer:

Option D = tax and public expenditure

Explanation

Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves.

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