Which of the following is NOT a tool of monetary policy?
A) open-market operations
B) reserve requirements
C) changing the bank rate
D) increasing the tax rate

Question

Quizplus · Accepted Answer

Increasing the tax rate is not a tool of monetary policy. It is a tool of fiscal policy, which involves government spending and taxation to influence the economy. The other options listed (open-market operations, reserve requirements, and changing the bank rate) are all tools used by central banks to control the money supply and influence interest rates.

Which of the Following Is NOT a Tool of Monetary