- 20 Marks
MFS – JUL 2020 – L2 – Q7 – Monetary vs Fiscal Policy and Elements of Monetary Policy
Distinguish between monetary and fiscal policy, and explain instruments, targets, and objectives using monetary policy examples.
Question
a) Distinguish between monetary policy and fiscal policy? (5marks)
b) Using monetary policy as an illustration, and giving specific examples, clearly explain the following:
i. Instruments (5marks)
ii. Targets (5marks)
iii. Objectives (5marks)
[Total Marks: 20]
Find Related Questions by Tags, levels, etc.
- Tags: Fiscal Policy, Instruments, Monetary Policy, Objectives, targets
- Level: Level 2
- Topic: Economic policy
- Series: JULY 2020
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