Deprecated: Return type of AdvancedAds\Abstracts\Data::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/erudites/web/erudites.ng/public_html/wp-content/plugins/advanced-ads/includes/abstracts/abstract-data.php on line 431
The Use Of The Bank Rate; Cash Ratio And Open Market Operations Constitute? - Erudites Academy

The use of the bank rate; cash ratio and open market operations constitute?

by | Jan 2 | Economics WAEC | 0 comments

A. monetary policy
B. export policy
C. fiscal policy
D. import policy

Correct Answer:

Option A – monetary policy

Explanation

Monetary policy refers to the policy taken by the Central Bank to control and regulate the supply of money with the public (economy). Examples are Open market operation, Bank rate, Cash reserve ratio etc.

Users Also Read These:

Copyright warnings! Do not copy.

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.