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 central banking policies, typically managed by a central bank.
- Fiscal refers to government revenue and expenditure, involving policies handled by a government.
- Monetary policies can involve changing interest rates, while fiscal policies may involve altering tax rates.
- Understanding that monetary is related to banks can help associate it with banking actions like interest adjustments.
- Remember fiscal as tied to governments, like how fiscal deficits relate to government spending.
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