Which one of the following statements regarding monetary policy is incorrect? O The SARB's main objective is to control the growth of the money stock. O Monetary policy in South Africa is implemented by the South African Reserve Bank (SARB). O The key decision-making unit is the Monetary Policy Committee of the SARB. O The key instrument of monetary policy is the repurchase rate (repo rate). The SARB pursues a formal inflation target, set by the Minister of Finance, in conjunction with the SARB.

Which one of the following statements regarding monetary policy is incorrect? O The SARB's main objective is to control the growth of the money stock. O Monetary policy in South Africa is implemented by the South African Reserve Bank (SARB). O The key decision-making unit is the Monetary Policy Committee of the SARB. O The key instrument of monetary policy is the repurchase rate (repo rate). The SARB pursues a formal inflation target, set by the Minister of Finance, in conjunction with the SARB.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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