Post Utme Igbinedion University 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses monetary policy to control inflation. Which of the following instruments can be used to reduce aggregate demand and subsequently reduce inflation?

Answer Options

Correct Answer A. Open Market Operations (OMO)
B. Reserve Requirements
C. Cash Reserve Ratio (CRR)
D. Discount Rate
Correct Answer
A
Correct Option:
Open Market Operations (OMO)

About This Question

This is Post Utme Igbinedion University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.

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