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RRF as a scheme introduced by the central bank of Nigeria means

RRF as a scheme introduced by the central bank of Nigeria means
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Recording and Rediscounting Facility
  • B Refinancing and Recording Facility
  • C Refinancing and Rediscounting Facility
  • D Refinancing and Reinvesting Facility
Correct Answer: Option C
Explanation:
RRF stands for Refinancing and Rediscounting Facility. It is a facility associated with the Central Bank of Nigeria through which eligible financial institutions can obtain funds by refinancing or rediscounting eligible financial instruments. It is designed to support liquidity and credit activities within the financial system.

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