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ICSE Class 10 Answered

Give any two differences between fiscal and monetary policy.
Asked by Topperlearning User | 27 Apr, 2015, 01:40: PM
answered-by-expert 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.

 

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
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