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An Instrument used by the central bank to fix commercial and merchant banks total credit...

Economics
JAMB 2019

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

  • A. monetary policy
  • B. fiscal policy
  • C. credit ceiling
  • D. open market operation
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Correct Answer: Option C
Explanation

Credit ceiling is one of the tools or instrument of monetary policy used by central bank to control credit in an economy.


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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 May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts