1.Monetary policy is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
2.A country's foreign policy is a set of goals that seeks to outline how that particular country will interact on an official basis with other countries of the world and, to a lesser extent, non-state actors. As well, an entire range of factors relating to those other nations - including economic, political, social, military, etc. - is evaluated and monitored in attempts to maximize benefits of multilateral international cooperation. Foreign policies are designed to help protect a country's national interests, national security, ideological goals, and economic prosperity. This can occur as a result of peaceful cooperation with other nations, or through exploitation.
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