What is Monetary Policy? Explain. – InterviewSolution

1.	What is Monetary Policy? Explain.
Answer» Monetary policy is an integral part of the economic policy of a nation. This policy aims at controlling the amount of money and credit as well as the banking activities of a country. In India, RBI makes and implements monetary policy. In developing countries, monetary policy is used as an important tool to manage public debt, determine the suitable interest rate, formation and expansion of financial institutions, to maintain price stability, etc.

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