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WAEC Economics 2009 Question 38

Question 38

Financial Institutions

The marketing of government securities by the Central Bank is termed

  1. A.retail banking
  2. B.open market operations
  3. C.selective credit control
  4. D.credit creation.
Show the answer and explanation

Answer: B (open market operations)

Explanation

Buying and selling government securities in the open market is open market operations.