Question
With reference to the concept of ‘Helicopter money’, consider the following statements: 1. It refers to non-repayable money transfer from the central bank to the government. 2. It aims at increasing the money supply by purchasing government or other financial securities to spark economic growth. 3. Helicopter Money is an unconventional monetary policy tool aimed at bringing a flagging economy back on track. Which of the above statements is/are correct?
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