NECO Economics 2022 Objective — Question 39
Question 39 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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The use of the bank rate, cash ratio and open market operations constitute
- A. fiscal policy
- B. monetary policyCorrect
- C. import policy
- D. export policy
Explanation
Bank rate, cash reserve ratio and open market operations are all monetary policy tools.
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