differece between fiscal policy and mometary policy ????????
Monetary policy refers to the policy of the Central bank to control the supply of money and credit through various instruments. Instruments of monetary policy are CRR, SLR, Bank rate, Margin requirement, Open Market Operations, etc.
On the other hand, fiscal policy refers the policy that is undertaken by the government to influence the economy through the process of its expenditure and taxation. The four major instruments of this policy are government expenditure, taxes, public borrowings and deficit financing