Post Utme Babcock University 2017 General Studies Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Babcock University General Studies examination.

Post Utme Babcock University 2017 General Studies Objective / Multiple Choice
Question 6 POST_UTME_BABCOCK_UNIVERSITY • 2017 • GENERAL STUDIES • objective

In the context of Nigeria's economic development, what is the primary role of the Central Bank of Nigeria (CBN)?

Answer Options

Correct Answer A. To regulate the money supply and maintain price stability
B. To implement monetary policy and control inflation
C. To manage the country's foreign exchange reserves and stabilize the exchange rate
D. To supervise and regulate commercial banks and other financial institutions
Correct Answer
A
Correct Option:
To regulate the money supply and maintain price stability

About This Question

This is Post Utme Babcock University 2017 General Studies Question 6. It is one of the objective questions from the 2017 Post Utme Babcock University General Studies examination.

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