The use of the bank rate, cash ratio and open market operations constitute
ECONOMICS
WAEC 2022
The use of the bank rate, cash ratio and open market operations constitute
- A. monetary policy
- B. export policy
- C. fiscal policy
- D. import policy
Correct Answer: A. monetary policy
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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