Post Utme Al Hikmah University 2023 Commerce Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 6 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • 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. What is the primary objective of OMO in the context of monetary policy?

Answer Options

Correct Answer A. To increase the money supply in the economy
B. To decrease the money supply in the economy
C. To maintain the stability of the exchange rate
D. To control inflation
Correct Answer
A
Correct Option:
To increase the money supply in the economy

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 6. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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