Which of the following is used by the central b... - JAMB Economics 2020 Question
Which of the following is used by the central bank to control the rate of interest
A
bill of exchange
B
banker's order
C
fixed deposit account
D
open market operation
correct option: d
Open market operations refer to central bank purchases or sales of government securities in order to expand or contract money in the banking system and influence interest rates.
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