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WAEC Economics 2021 Question 34

Question 34

Money and Inflation

Government can curb inflation by

  1. A.encouraging banks to lend for any purpose.
  2. B.increasing her own expenditure.
  3. C.buying treasury bills in the open market.
  4. D.selling securities in the open market.
Show the answer and explanation

Answer: D (selling securities in the open market.)

Explanation

Selling securities takes money out of circulation.