Multiple choice

'Open market operation' is a part of

  1. income policy

  2. credit policy

  3. labour policy

  4. fiscal policy

  5. medical policy
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

'Open market operation' is a part of credit policy. Open market operation includes any of the purchases and sales of government securities and sometimes commercial paper by the central banking authority for the purpose of regulating the money supply and credit conditions on a continuous basis.

Keep practicing — related questions