The central bank controls the activities of other banks by all but one of the following

a

The use of bank rate

b

The purchase or sale of government bonds on the open market

c

special deposite

d

the use of directives

e

taxation

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Correct Option
e

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Discussions (7)

Oyebayo.U
9 years ago

Incomplete question,'except' shld d there.d ans is correct

Oyebayo.U
9 years ago

Incomplete question,'except' shld B there.d ans is correct

ashonibare
10 years ago

B. is quite tricky. It isn't really a way of controlling other banks.

Ladybs
11 years ago

Option A-D are all ways through which central bank controls other banks so the ans is correct

Preci0ux
11 years ago

Thanks miss... I had trouble understanding it

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