The importance of turgidity of the cells in herbaceous plants is that it
The importance of turgidity of the cells in herbaceous plants is that it
Explanation
Commercial banks accept deposits and make loans. They create money through fractional reserve banking – lending out most deposits while keeping small reserve.
Central bank (CBN in Nigeria) controls money supply, sets interest rates, supervises banks, manages foreign reserves, issues currency. Independent from government for credibility.
Monetary policy tools: Open Market Operations (buying/selling bonds), reserve requirements, interest rates. Expansionary policy increases money supply; contractionary reduces it.