One of the techniques of monetary control used by the central bank of Nigeria is

a

selective credit control

b

budget deficit

c

foreign exchange control

d

monitoring the general price level

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Correct Option
c

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Discussions (2)

stephcal
5 months ago

the answer is a. selective credict control, this a direct monetary policy. The central bank can decide to order all commercial bank to reduce or icrease their interest rates. please you guys should correct the answer

kinsmart
2 months ago

central bank does not control FOREX(foreign exchange)
The answer is A

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