Roles of central bank in economic development of West Africa. - SS2 Commerce Past Questions and Answers - page 1
What is one role of a central bank in the economic development of West Africa?
Controlling foreign trade
Managing regional currency
Regulating the stock market
How does a central bank promote economic growth in West Africa?
By controlling inflation
By managing fiscal policy
By regulating international trade
What is the primary responsibility of a central bank in maintaining financial system stability?
Regulating commercial banks
Regulating commercial banks
Managing public debt
How do central banks contribute to financial inclusion in West Africa?
By managing payment systems
By supervising stock market activities
By controlling government spending
What is one way central banks support evidence-based decision-making in West Africa?
Conducting economic research and collecting data
Conducting economic research and collecting data
Promoting foreign direct investment
Explain one role of a central bank in the economic development of West Africa.
One role of a central bank in the economic development of West Africa is managing the regional currency to ensure its stability and convertibility.
How do central banks contribute to financial stability in West Africa?
Central banks contribute to financial stability in West Africa by regulating and overseeing commercial banks and financial institutions to prevent financial crises and protect depositors' interests.