NECO Commerce 2022 Objective — Question 26
Question 26 of 50 from the National Examinations Council (NECO) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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Central banks sell treasury bills to the public to
- A. Increase cash in the banking system
- B. Raise revenue for commercial banks
- C. Raise revenue for private investors
- D. Reduce cash in circulationCorrect
Explanation
When the central bank sells treasury bills, the public pays cash for them, reducing cash in circulation.
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