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WAEC Commerce 1994 Question 6

Question 6

Banking

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

  1. A.Management of national debt
  2. B.Reserve Requirement
  3. C.Open Market Operations
  4. D.Special Deposit
  5. E.Cash Ratio
Show the answer and explanation

Answer: A (Management of national debt)

Explanation

Reserve requirements, open market operations, special deposits and cash ratio all control bank lending; managing the national debt is a separate function.