The use of the bank rate, cash ratio and open market operations constitute

  • A fiscal policy
  • B monetary policy
  • C import policy
  • D export policy
jamb 2022english-language

The correct answer is B. monetary policy

Monetary policy refers to the policy taken by the Central Bank to control and regulate the supply of money with the public (economy). Examples are Open market operation, Bank rate, Cash reserve ratio etc.

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