Which of the following is an example of a monetary policy instrument?
A reduction in the standard rate of value added tax (VAT)
An increase in the base interest rate set by the central bank
A rise in government capital expenditure on new high-speed rail links
The implementation of a higher legislative national minimum wage
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.