Which of the following is responsible for carrying oiut the monetary policy of a country?
Answer Details
The Central Bank is responsible for carrying out the monetary policy of a country. Monetary policy refers to the actions taken by the central bank to influence the supply of money, availability of credit, and interest rates in order to achieve certain economic objectives such as price stability, full employment, and sustainable economic growth. The Ministry of Finance deals with fiscal policy, which involves government spending and taxation. The International Monetary Fund (IMF) and the World Bank are international organizations that provide financial assistance and support for economic development. The Internal Revenue Board is responsible for tax collection and administration.