The major tools of monetary policy include all of the following except

Name: The major tools of monetary policy include all of the following except
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Personal income tax is a fiscal policy tool used by the government to influence the economy by adjusting income tax rates, not a monetary policy tool. Monetary policy tools include the required reserve ratio, the discount rate, and open market operations, which are used by central banks to control the money supply and interest rates.

The Major Tools of Monetary Policy Include All of the Following