Which of the following is an example of expansionary monetar…

JAMB Economics 2023 51 views

Which of the following is an example of expansionary monetary policy by the Central Bank of Nigeria?

  1. Increasing the discount rate
  2. Increasing the reserve ratio
  3. Buying Treasury securities from commercial banks ✓
  4. Lowering income taxes.

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

pastquestions.ng