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

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Economics WAEC 2019

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

  • control policy
  • monetary policy checkmark
  • developmental policy
  • fiscal policy

The correct answer is: 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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