Which is considered the most effective tool by which the Central Bank of Nigeria can…

Economics JAMB 1982

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

  • Open market operation
  • Reserve requirements checkmark
  • Bank rate
  • Directives
  • Special deposits

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment