The use of interest rates to control the money supply is a

Economics

WAEC 2019

A. control policy
B. monetary policy
C. developmental policy
D. fiscal policy

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Correct Answer: Option B

Explanation

Monetary policy is made up of policies drafted by the central bank to manage the supply of money and interest rates, aimed at controlling inflation, consumption, growth, and liquidity.

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The use of interest rates to control the money supply is a

Correct Answer: Option B

Explanation

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