Post Utme Aaua 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice

Question 26 POST_UTME_AAUA • 2022 • COMMERCE • objective

The Central Bank of Nigeria (CBN) uses the monetary policy instrument of Open Market Operations (OMO) to influence the money supply in the economy. Which of the following is a correct statement about OMO?

A. OMO involves the sale of government securities by the CBN to commercial banks.

Correct Answer B. OMO involves the purchase of government securities by the CBN from commercial banks.

C. OMO involves the sale of government securities by the CBN to the general public.

D. OMO involves the purchase of government securities by the CBN from the general public.

Correct Answer

Correct Option:

OMO involves the purchase of government securities by the CBN from commercial banks.

This is Post Utme Aaua 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

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