Open Market Operation (OMO) means the

WAEC 2004

Open Market Operation (OMO) means the

A. provision of credit facilities by commercial banks

B. provision of credit facilities by the mortgage banks

C. buying and selling of government securities by the central banks

D. procedure for the establishment of commercial banks

Correct Answer: Option C

Explanation
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Open Market Operation (OMO) means the

Correct Answer: Option C

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