Post Utme Caleb University 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2020 Commerce Objective / Multiple Choice
Question 21 POST_UTME_CALEB_UNIVERSITY • 2020 • 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. What is the primary objective of OMO in the context of monetary policy?

Answer Options

A. To reduce the money supply in the economy
Correct Answer B. To increase the money supply in the economy
C. To control inflation
D. To stabilize the exchange rate
Correct Answer
B
Correct Option:
To increase the money supply in the economy

About This Question

This is Post Utme Caleb University 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.

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