Hello. I study economics and I had to write a text in English which is full of scientific economic terms. Can someone please read it and tell me if everything is correct? Thank you very much.
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Objectives of monetary policy are: price stability,
full employment, economic growth and the equilibrium
of the balance of payments. Instruments to effectuate
those objectives are: bank rate policy, open-market
policy, policy of mandatory reserves and selective
credit policy.
Credit is a value provided by one party to the other
party for a certain time and under certain conditions.
The credits are broken down with reference to the term
(short-term credits, medium-term credits and long-term
credits), interest rate (credits with fixed and
flexible rates), presence of security (guaranteed
credits and loans without collateral), manner of
repayment (one-time credits and repeated credits) and
according to its purpose (credits provided to the
economy and credits provided to the population).
Credit policy is a sum of individual policies,
principles and decisions which determine credit
business-running of the bank. Central bank issues the
money by providing credits to the business banks, and
the business banks create claims toward themselves by
virtue of provision of their credits to their clients,
thereby producing deposit money. Credit policy
influences all the aspects of economy: production,
employment, prices, inflation, domestic currency rate,
net export and so forth.
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Objectives of monetary policy are: price stability,
full employment, economic growth and the equilibrium
of the balance of payments. Instruments to effectuate
those objectives are: bank rate policy, open-market
policy, policy of mandatory reserves and selective
credit policy.
Credit is a value provided by one party to the other
party for a certain time and under certain conditions.
The credits are broken down with reference to the term
(short-term credits, medium-term credits and long-term
credits), interest rate (credits with fixed and
flexible rates), presence of security (guaranteed
credits and loans without collateral), manner of
repayment (one-time credits and repeated credits) and
according to its purpose (credits provided to the
economy and credits provided to the population).
Credit policy is a sum of individual policies,
principles and decisions which determine credit
business-running of the bank. Central bank issues the
money by providing credits to the business banks, and
the business banks create claims toward themselves by
virtue of provision of their credits to their clients,
thereby producing deposit money. Credit policy
influences all the aspects of economy: production,
employment, prices, inflation, domestic currency rate,
net export and so forth.