The use of the bank rate cash ratio and open ma... - JAMB Economics 2022 Question
The use of the bank rate, cash ratio and open market operations constitute
A
fiscal policy
B
monetary policy
C
import policy
D
export policy
correct option: b
Option B is the correct answer.
The Central Bank implements monetary policy to control and regulate the money supply in the economy. This policy involves various measures such as Open market operations, Bank rate adjustments, and Cash reserve ratio changes.
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