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5 marksFinancial Institutions and Monetary Instruments

CSEC Economics · May/June 2007 · Paper 2 · Question 5(c)(i)

The Central Bank does not control gross domestic product (GDP) directly, though its ultimate policy objective is economic growth with stable prices.

Discuss ONE way in which the Central Bank in your country can achieve this objective.

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Other parts of this question

  1. 5(a)List THREE financial intermediaries.[3 marks]
  2. 5(b)State TWO functions of money.[4 marks]
  3. 5(c)(ii)Discuss TWO other monetary policy measures that the Central Bank may apply to curb inflation in your country.[8 marks]

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