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WAEC Commerce 1994 Question 69

Question 69

Banking

Which of the following is responsible for carrying out the monetary policy of a country?

  1. A.The Ministry of Finance
  2. B.International Monetary Fund
  3. C.Internal Revenue Board
  4. D.The Central Bank
  5. E.The World Bank
Show the answer and explanation

Answer: D (The Central Bank)

Explanation

The Central Bank controls money supply and credit.