passwella.
Menu

WAEC Economics 2022 Question 39

Question 39

Financial Institutions

The use of the bank rate, cash ratio and open market operations constitute

  1. A.fiscal policy
  2. B.monetary policy
  3. C.import policy
  4. D.export policy
Show the answer and explanation

Answer: B (monetary policy)

Explanation

These are central-bank tools of monetary policy.