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the central bank carries out its monetary policy through?

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Commerce WAEC 2017

the central bank carries out its monetary policy through?

  • discounting bills
  • credit ceilling
  • replacement of worn out notes
  • bank rates checkmark

The correct answer is: D

Explanation

Bank rate, also referred to as the discount rate is the rate of interest which a central bank charges on its loans and advances to a commercial bank. the central bank can either increase or decrease bank rates to regulate the flow of money in the economy

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