How to explain the term " Monetary policy" ?

Just say " Kid you ain't getting no more money from me"

a policy having to do with money

Its kind of saying emergincy money

Monetary policy is one of the tools that a national Government uses to influence its economy.Monetary policy is usually administered by a Government appointed "Central Bank", the Bank of Canada and the Federal Reserve Bank in the United States.
Using its monetary authority to control the supply and availablity of money, a government attempts to influence the overall level of economic activity in line with its political objectives.

Go get a full explanation from www.wikipedia.com.

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