Discussion
Which of the following term is not used in the Formation of Monetary Policy?
Answer: D
Correct answer: Blue chip
A blue chip is a large, financially sound, well-established company whose shares are considered a safe investment - a stock market term with no place in monetary policy. The other three are the instruments themselves: the cash reserve ratio, the proportion of deposits held with the Reserve Bank; the repo rate, at which banks borrow from it; and the bank rate, at which it discounts eligible bills.
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