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3.6 Monetary policy

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Question 18

In Rydale, the central bank is deciding whether to change its main interest rate to influence borrowing costs and the amount of money in the economy.

a.

State the type of economic policy being used.

[1]
b.

Give one economic objective that this policy may be used to achieve.

[1]
Markscheme

3.6 Monetary policy Questions

  1. GCSE
  2. /Economics
  3. /3.6 Monetary policy

116 exam-style questions on OCR GCSE Economics 3.6 Monetary policy, covering 3.6.1 What is monetary policy, 3.6.2 Monetary policy and macro objectives, and 3.6.3 Effects of monetary policy. Each one has a worked solution and a mark scheme showing where the marks go.

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