WAEC Economics 2011 Objective — Question 37
Question 37 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
Advertisement
The Central Bank controls money supply through all the following except
- A. A. lending to the publicCorrect
- B. B. bank rate
- C. C. legal reserve requirements
- D. D. open market operation
Explanation
Central Bank uses several instruments to control the money supply but it does not include lending to the public. It is the commercial banks that lend to the public.
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.