Which of the following is an example of expansionary mone...
Which of the following is an example of expansionary monetary policy by the Central Bank of Nigeria?
Lowering income taxes
Increasing the discount rate
Increasing the reserve ratio
Buying Treasury securities from commercial banks
Correct answer is D
Expansionary monetary policy is used to increase the money supply in an economy. When the Central bank buys securities, it aims to expand the volume of money in circulation and where there is too much money in circulation, the CBN will sell securities.
A deficit balance of payments is measured by subtracting the debits from the credits in the ...
The study of economics becomes necessary because of the ...
One benefit a country can derive from the extraction of crude oil is increase in ...
Localization of industry refers to the ...
A greater burden of the taxes on essential goods is borne by the ...