Question : A low-interest policy is also known as:
Option 1: cheap money policy
Option 2: income generating
Option 3: dear money policy
Option 4: investment policy
Correct Answer: cheap money policy
Solution : The correct option is a cheap money policy.
A cheap money policy is a term used to describe a low-interest rate strategy. This phrase refers to a central bank's policy of keeping interest rates low to encourage borrowing and spending. When money is referred to as cheap in this context, it generally refers to low borrowing costs.
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