the central bank carries out its monetary policy through?
COMMERCE
WAEC 2017
the central bank carries out its monetary policy through?
- A. discounting bills
- B. credit ceilling
- C. replacement of worn out notes
- D. bank rates
Correct Answer: D. bank rates
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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