Master confusing words with ease
Fiscal vs. Monetary
Fiscal
/ˈfɪskəl/Examples:
The fiscal year ends in January.They implemented new fiscal policies.Fiscal measures are vital for recovery.
Synonyms:
Antonyms:
This word has no antonymsMonetary
Examples:
The government announced new monetary policies today.Her job involves managing the company's monetary assets.There's a debate on monetary reform among economists.
Synonyms:
Antonyms:
This word has no antonymsWays to tell them apart:
- Monetary relates to money supply and interest rates, usually managed by a country's central bank.
- Fiscal refers to government spending, tax policies, and budget setting, often managed by the government's treasury or finance departments.
- Monetary policies aim to control inflation and stabilize currency, while fiscal policies influence broader economic health through budgeting and spending.
- Think of monetary as involving money with an M (like management by the central bank).
- Remember fiscal with finances with an F, involving government tax and spending policies.
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