Yes! It works along sides with Fiscal Policy, which is how government and other important elected people influence the economy using spending and taxation.
Does Monetary Policy work with any other policies?
It is when the government wants to slow the growth of the economy, so they reduce the amount of money banks have to lend to customers or make it more expensive for banks to borrow money to lend to the costumers.
What does it mean if Monetary Policy is restrictive?
Monetary Policy is when the government tries to stabilize the economy by reducing unemployment and stabilizing the value of money. This will help the people's overall standard of living.
How would you summarize Monetary Policy?
Yeah! With Monetary Policy, we want to prevent a recession, which is when there is high unemployment and the money loses value for more than 6 months.
Is there anything else you want to tell me?
Thank you for the opportunity to come and interview at this bank.
Thanks for all your input! You are very knowledgeable and very insightful, and I can tell that you'll be a great addition to our team.