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

Economics
JAMB 2007
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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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now