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Roles of central bank in economic development of West Africa. - SS2 Commerce Past Questions and Answers - page 1

1
What is one role of a central bank in the economic development of West Africa?
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A

Controlling foreign trade

B

Managing regional currency

C

Regulating the stock market

2
How does a central bank promote economic growth in West Africa?
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A

By controlling inflation

B

By managing fiscal policy

C
By regulating international trade
3
What is the primary responsibility of a central bank in maintaining financial system stability?
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A

Regulating commercial banks

B

Regulating commercial banks

C

Managing public debt

4
How do central banks contribute to financial inclusion in West Africa?
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A

By managing payment systems

B

By supervising stock market activities

C

By controlling government spending

5
What is one way central banks support evidence-based decision-making in West Africa?
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A

Conducting economic research and collecting data

B

Conducting economic research and collecting data

C

Promoting foreign direct investment

6
Explain one role of a central bank in the economic development of West Africa.
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7
How do central banks contribute to financial stability in West Africa?
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