Post Utme Abu 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ABU • 2017 • COMMERCE • objective

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

Answer Options

A. To reduce the money supply in the economy
Correct Answer B. To increase the money supply in the economy
C. To maintain price stability
D. To control inflation
Correct Answer
B
Correct Option:
To increase the money supply in the economy

About This Question

This is Post Utme Abu 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

View More Post Utme Abu 2017 Commerce Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support