Post Utme Uniosun 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

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

Answer Options

A. The CBN buys government securities from commercial banks
Correct Answer B. The CBN sells government securities to commercial banks
C. The CBN lends money to commercial banks at a fixed interest rate
D. The CBN borrows money from commercial banks at a fixed interest rate
Correct Answer
B
Correct Option:
The CBN sells government securities to commercial banks

About This Question

This is Post Utme Uniosun 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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