WAEC Commerce 2019 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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The central bank sometimes calls for special deposits from the commercial banks in order to
- A. reduce bank lendingCorrect
- B. increase bank lending
- C. withdraw defaced currencies
- D. issue new notes and coins
Explanation
Special deposit requests from the central bank are intended to reduce the lending ability of commercial banks.
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