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Which is considered the most effective tool by which the Central Bank of Nigeria can ...
Classroom
Economics Classroom
Jamb
Jamb 1982
Financial Institutions
Types And Functions Of Financial Institutions
Central Bank
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Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Open market operation
B
Reserve requirements
C
Bank rate
D
Directives
E
Special deposits
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Show Explanation
Correct Answer:
Option B
Explanation:
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