What is the Policy Rate? Is the Policy Rate Effective in Reducing Inflation? The policy rate is one of the central banks' monetary policy tools and aims to ensure price stability in the economy. Defined as the interest rate o…
Why Is Gold Not Used as Currency Today? Gold, throughout much of history, has been a valuable metal used as money. With its durability, rarity, divisibility, and portability, gold was considered an ideal medium for currency. Howe…
