ICSE Class 10 Answered
Give any two differences between fiscal and monetary policy.
Asked by Topperlearning User | 27 Apr, 2015, 01:40: PM
Expert Answer
Fiscal Policy |
Monetary Policy |
The fiscal policy affects the revenue and expenditure of the government |
The monetary policy affects the aggregate supply of money in an economy.
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Fiscal policy instruments are government expenditure, imposition of taxes, subsidy provision, public debt, etc. |
Monetary policy instruments are bank rate, statutory liquidity ratio, cash reserve ratio, differential interest rates, etc. |
Answered by | 27 Apr, 2015, 03:40: PM