JAMB Economics 2021 Objective — Question 21

Question 21 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.

21. Which of the following is not fiscal policy a. Budgeting b. Tax c. Borrowing d. Interest rate

A. Budgeting
B. Tax
C. Borrowing
D. Interest rateCorrect

Explanation

Fiscal policy involves government spending, taxation and borrowing. Interest rate is a tool of monetary policy, not fiscal policy.

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