Monetary policy

From CNM Wiki
Revision as of 09:49, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Monetary policy is a policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing. ==Definition== Accord...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Monetary policy is a policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Monetary policy. Policy that involves altering the quantity of money and thus affecting the level of interest rates and the extent of borrowing.