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open market operation are the process by which

Economics
WAEC 1991
open market operation are the process by which
  • A. the Central Banks purchases and sells securities
  • B. Commercial Banks purchases and sells securities
  • C. business firms buys raw materials freely
  • D. huseholds buys consumer goods openly
  • E. the money market takes over the function of the Central Banks
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Correct Answer: Option A
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