WAEC Economics 2019 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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The interest rate to control the money supply is a
- A. control policy
- B. monetary policyCorrect
- C. developmental policy
- D. fiscal policy
Explanation
Using interest rates to regulate the money supply is a classic tool of monetary policy, typically implemented by the central bank.
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