WAEC Economics 2020 Objective — Question 39

Question 39 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.

Tools of monetary policy do not include

A. open market operations
B. reserve requirement
C. bank rate
D. tax and public expenditureCorrect

Explanation

Tax and public expenditure are tools of fiscal policy, not monetary policy; monetary policy tools include open market operations, reserve requirements, and the bank rate.

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