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The Central Bank Monetary policy instrument by which it buys and sells securities is ...

The Central Bank Monetary policy instrument by which it buys and sells securities is called
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Bank rate
  • B Cash reserve ratio
  • C Open market operation
  • D Bank credit
Correct Answer: Option C
Explanation:
Open market operations involve the buying and selling of government securities by the central bank. The central bank uses this instrument to regulate the amount of money and credit available in the economy.

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