Which one of the following is not an instrument of fiscal policy ?
The cash reserve ratio is a monetary and banking-regulation instrument. Public revenue, public expenditure and public borrowing are budgetary instruments of fiscal policy.
Choose your answer
Which one of the following is not an instrument of fiscal policy ?
Answer and explanation
Correct answer D
The cash reserve ratio is a monetary and banking-regulation instrument. Public revenue, public expenditure and public borrowing are budgetary instruments of fiscal policy.
Practice for these exams
-
UGC NET Economics