Commercial banks deposits with the Central Bank help to?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

Commercial banks deposits with the Central Bank help to?
Answer Details
Deposits made by commercial banks with the Central Bank help to control the supply of money credits. When commercial banks deposit their excess reserves with the Central Bank, they are reducing the amount of money available for lending, which helps to regulate the supply of money in the economy. This is important in controlling inflation and maintaining price stability. The Central Bank can also use these deposits to influence the interest rates that commercial banks charge for loans, which can further influence the overall supply of money in the economy.
Read lesson note on Commerce (JAMB)
Read lesson note on Money (JAMB)
View Answer

Related Questions

1

Which of the following is not true of a sole proprietorship?
2

A group of retailing shops under one management and selling then same products is known as?
3

Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?
4

Which of the following is an investor earns profit on the basis of his patronage?
5

Which of the following is an investor earns profit on the basis of his patronage?
6

The three main division of production are?
7

Into which of the following two broad areas can trade be divided?
8

A group of retailing shops under one management and selling then same products is known as?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning