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1 January, 13:45

What is the primary tool that monetary policy uses to affect the overall economy?

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  1. 1 January, 14:04
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    The primary tool that monetary policy uses to affect the overall economy is called the interest rate.

    An interest rate is the measure of enthusiasm due per period, as an extent of the sum loaned, kept or obtained. It is characterized as the extent of a sum credited which a bank charges as enthusiasm to the borrower, ordinarily communicated as a yearly rate.
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