Central bank - Jamb Economics Past Questions and Answers

Question 21:

• JAMB 2013

If CBN reduces money supply, the interest rate will

A. Fluctuate
B. Rise
C. Fall
D. Remain unchanged

Question 22:

• JAMB 2020

Which of the following is used by the central bank to control the rate of interest

A. Bill of exchange
B. Banker's order
C. Fixed deposit account
D. Open market operation

Question 23:

• JAMB 2020

One of the techniques of monetary control used by the central bank of Nigeria is

A. Selective credit control
B. Budget deficit
C. Foreign exchange control
D. Monitoring the general price level