Question: 1. Define monetary policy 2. Briefly discuss the South African Reserve bank(SARB), with specific reference to where it fits into the country's banking system as

1. Define monetary policy
2. Briefly discuss the South African Reserve bank(SARB), with specific reference to where it fits into the country's banking system as well as what its maonrole and responsibilities are.
3. List the monetary policy instruments and briefly describe the most important macroeconomic impact of each.
4. Define fiscal policy
5. Which government policy instruments responsible for the implementation of fiscal policy?
6. List the monetary policy instruments that National Treasury has at its disposal and briefly describe the most important macroeconomic impact of each.

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