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19 April, 22:42

What is the tight money policy?

a. interest rate is high but money in circulation is low

c. interest rates are low and money in circulation is low

b. interest rates is high but money in circulation is high

d. interest rates are low and money in circulation is high

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Answers (1)
  1. 19 April, 23:29
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    A tight money policy is when for example the Federal Reserve System, seeks to restrict credit and raises interest rates
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