Question on: JAMB Economics - 2022
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
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Correct Option: B
Option B is the correct answer.Â
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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