How Is Monetary Policy Distinguished from Fiscal Policy

question 38

Multiple Choice

How is monetary policy distinguished from fiscal policy?

• A)Monetary policy is set by national governments,whereas fiscal policy is set by the World Bank.
• B)Monetary policy can cause inflation,whereas fiscal policy contributes to standing wealth.
• C)Monetary policy is government policy about printing and circulating money,whereas fiscal policy is government policy about spending and taxation.
• D)Monetary policy is the favored approach of the United States to managing the economy,whereas fiscal policy is the favored approach of European countries.

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Definitions:

Minor

An individual under the legal age of majority, often under 18 years old, with restricted legal rights and capacities.

Illegality

The state of being not allowed by law or illegal actions within various contexts, such as contracts or behaviors.

Accord and Satisfaction

Accord and Satisfaction is a legal settlement where a debtor agrees to pay a lesser amount than originally owed, and the creditor agrees to accept this as full settlement of the debt.

Specific Performance

A legal remedy where the court orders a party to fulfill their obligations under a contract, as opposed to awarding damages.