what is the defintion of monetary policy?

Question

im writing a midterm for my macroecon class and i would like a short, straight-forward definition og monetary policy.

Answer 1

Monetary policy governs the system of making money and use by the public. It also governs rules on investment and banking policies.

Answer 2

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monetary policy
Definition

The regulation of the money supply and interest rates by a central bank, such as the Federal Reserve Board in the U.S., in order to control inflation and stabilize currency. Monetary policy is one the two ways the government can impact the economy. By impacting the effective cost of money, the Federal Reserve can affect the amount of money that is spent by consumers and businesses.

Answer 3

Monetary policy is the government or central bank process of managing money supply to achieve specific goals—such as constraining inflation, maintaining an exchange rate, achieving full employment or economic growth. Monetary policy can involve changing certain interest rates, either directly or indirectly through open market operations, setting reserve requirements, or trading in foreign exchange markets. [1]

That is pretty straightforward.