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WAEC Economics 2020 Question 39

Question 39

Financial Institutions

Tools of monetary policy do not include

  1. A.open market operations.
  2. B.reserve requirement.
  3. C.bank rate.
  4. D.tax and public expenditure.
Show the answer and explanation

Answer: D (tax and public expenditure.)

Explanation

Taxes and public spending are fiscal policy tools.