Post Utme Skyline University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses monetary policy to control inflation. Which of the following instruments is most effective in reducing 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 Skyline University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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