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2.4 Financial markets and monetary policy (A-level only)

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Question 52

Which one of the following is a correct statement about monetary policy?

A

Monetary policy can be used to influence both the rate of inflation and the exchange rate.

B

The Chancellor of the Exchequer is responsible for setting the official base interest rate.

C

Monetary policy is designed only to affect the supply side of the economy.

D

The government uses monetary policy directly to dictate the statutory minimum wage.

Markscheme

2.4 Financial markets and monetary policy (A-level only) Questions

  1. A Level
  2. /Economics
  3. /2.4 Financial markets and monetary policy (A-level only)

176 exam-style questions on AQA A Level Economics 2.4 Financial markets and monetary policy (A-level only), covering 2.4.1 The structure of financial markets and financial assets, 2.4.2 Commercial banks and investment banks, 2.4.3 Central banks and monetary policy, and 2.4.4 The regulation of the financial system. Each one has a worked solution and a mark scheme showing where the marks go.

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