WAEC Commerce 2022 Objective — Question 26
Question 26 of 50 from the West African Examinations Council (WAEC) 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
By selling treasury bills, the central bank receives cash from the public, thereby reducing the cash in circulation.
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