GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
In finance and economics, a monetary authority is the entity which controls the____
|
|
Finincial institution
|
|
|
Money supply of a given currency
|
|
|
Bank working and its Functionality
|
|
|
None of these
|
Explanation:
Detailed explanation-1: -In finance and economics, a monetary authority is the entity that manages a country’s currency and money supply, often with the objective of controlling inflation, interest rates, real GDP or unemployment rate.
Detailed explanation-2: -Influencing interest rates, printing money, and setting bank reserve requirements are all tools central banks use to control the money supply. Other tactics central banks use include open market operations and quantitative easing, which involve selling or buying up government bonds and securities.
There is 1 question to complete.