Which among the following is the main difference between the fiscal policy and the monetary policy of a country?
1
Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government.
2
Monetary policy is handled by central bank whereas fiscal policy is the domain of the government.
3
Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only.
4
Both 1 and 2
5
All 1, 2 and 3