Which of the following best defines the term 'monetary policy'? (2 marks)
A. The control of taxation
B. The control over the amount of money in circulation and the cost of borrowing
C. The control of numbers of people unemployed compared to those employed
D. The control of wealth distribution
Answer:B
Which of the following best defines the term 'monetary policy'? (2 marks)
A. The control of taxation B. The control over the amount of money in circulation and the cost of borrowing C. The control of numbers of people unemployed compared to those employed D. The control of wealth distribution