Post Utme Lasu 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_LASU • 2021 • COMMERCE • objective

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

Answer Options

A. It involves the sale of government securities to commercial banks
Correct Answer B. It involves the purchase of government securities from commercial banks
C. It involves the sale of government securities to the public
D. It involves the purchase of government securities from the public
Correct Answer
B
Correct Option:
It involves the purchase of government securities from commercial banks

About This Question

This is Post Utme Lasu 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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