Monetary policies refer to policies that affect the supply, demand, and value of the nation's currency. True False

The statement "Monetary policies refer to policies that affect the supply, demand, and value of the nation's currency" is True.

Monetary policy is primarily conducted by a country's central bank and involves managing the money supply and interest rates to achieve macroeconomic goals such as controlling inflation, maintaining employment levels, and fostering economic growth. This is achieved through various tools, including open market operations, discount rates, and reserve requirements. By adjusting these elements, monetary policy influences the availability and cost of credit, which in turn affects overall economic activity and the value of the nation's currency in exchange markets.