A reduction in the bank rate encourages commercial banks to create money by

a

Decreasing the interest rate

b

maintaining the interest rate

c

Doubling the interest rate

d

Raising the interest

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Explanation

Correct Option
b

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Discussions (2)

1Toria
2 months ago

the answer is A

adesina506
9 years ago

Mr okeke gregory arinze is absolutely right pls make your correction

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