WAEC Economics 2012 Objective — Question 41
Question 41 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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In open market operations, what the Central Bank sells or buys are
- A. shares
- B. debentures
- C. securitiesCorrect
- D. equities
Explanation
This is a fact and a feature of a good pipe. Central Bank uses securities in open market operations.
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