Master confusing words with ease
Monetary vs. Fiscal
Monetary
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 antonymsFiscal
/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 antonymsWays to tell them apart:
- Monetary relates to money and the management of currency and the supply of money.
- Fiscal relates to government revenue, especially taxes and spending.
- Monetary policy is often implemented by a central bank like the Federal Reserve.
- Fiscal policy is usually set by the government through its budget decisions.
- Think monetary for the broader financial system and fiscal for the government's budget and tax policies.
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