Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics OCR
  3. Question bank

Monetary policy

EasyMediumHard
12345678910111213141516171819
Question 6

The table below shows the central bank interest rates in four countries in 2023 and 2024.

AethelgardBregolandCairnhavenDarnassus
2023 rate of interest5.5%2.0%1.25%4.5%
2024 rate of interest3.75%4.25%3.5%2.75%

Which of the following would best explain the possible macroeconomic aims of the changes in monetary policy that occurred between 2023 and 2024?

Aethelgard was trying to encourage domestic saving; Bregoland was trying to stimulate domestic consumption.

Aethelgard was trying to stimulate domestic consumption; Cairnhaven was trying to dampen inflationary pressures.

Bregoland was trying to encourage business investment; Darnassus was trying to reduce inflationary pressures.

Cairnhaven was trying to stimulate economic growth; Darnassus was trying to encourage household saving.

Monetary policy Questions

  1. A Level
  2. /Economics
  3. /Monetary policy