Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 1

clipped from www.bized.co.uk
An example of an expansionary monetary policy is


(Select one answer)






(a) * an increase in the required reserve ratio.

(b) * an increase in the discount rate.

(c) * a reduction in the taxes banks pay on their profits.

(d) * the Central bank buying government securities in the open market.
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