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The purpose for which the Central Bank sells securities is to  

Commerce
JAMB 2025

The purpose for which the Central Bank sells securities is to

 

  • A. reduce the interest rate
  • B. increase the interest rate
  • C. increase cash in the economy
  • D. reduce cash in the economy
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Correct Answer: Option D
Explanation

The Central Bank sells securities to reduce cash in the economy. This is a monetary policy tool known as open market operations.
When the Central Bank sells securities, it is taking money out of the economy, thereby reducing the amount of cash available in
the economy.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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