JAMB Economics 2020 Objective — Question 29
Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following is used by the Central Bank of Nigeria to control inflation?
- A. Tariffs on imports
- B. Tax rate
- C. Exchange rate
- D. Discount rateCorrect
Explanation
The Central Bank of Nigeria uses the discount rate as a tool to influence inflation.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.