The use of the bank rate, cash ratio and open market operations constitute

Economics

JAMB 2022

A. fiscal policy
B. monetary policy
C. import policy
D. export policy

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Correct Answer: Option B

Explanation

Monetary policy refers to the policy taken by the Central Bank to control and regulate the supply of money with the public (economy). Examples are Open market operation, Bank rate, Cash reserve ratio etc.

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The use of the bank rate, cash ratio and open market operations constitute

Correct Answer: Option B

Explanation

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