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WAEC Economics 2007 Question 34

Question 34

Financial Institutions

Which of the following institutions assists the government in managing the national debt?

  1. A.Commercial banks
  2. B.The Central Bank
  3. C.The capital market
  4. D.The World Bank.
Show the answer and explanation

Answer: B (The Central Bank)

Explanation

The central bank is the government's banker and manages its debt.