A central bank decides to implement a contractionary policy to curb rising inflationary pressures. Which of the following measures is NOT a monetary policy instrument available to the central bank to achieve this?
Increasing the reserve requirement ratio for commercial banks
Reducing the standard rate of corporation tax to stimulate business investment
Raising the central bank's official bank rate (policy rate)
Conducting open market operations to sell government securities
27 exam-style questions on OCR A Level Economics Monetary policy. Each one has a worked solution and a mark scheme showing where the marks go.