Download Tag: CREDIT POLICY

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY To every nation, the existence of the banking industry is inevitable. This necessitates the need for deposit and credit mobilization. Osayeme (1936) reported that lending has become a vital function in banking operations because of its direct effect on economy, growth and business development. A bank is an organization that accepts money in different account and honors cheque drew upon it, return ...

Abstract This study appraises the effectiveness of credit policy on economic stabilization. The study adopted simple percentage and chi-square technique. The findings of the study showed that credit policy have witnessed the implementation of various policy initiatives and has therefore experienced sustained improvement over the years. The result also shows that credit policy had a significant effect on exchange rate and money supply while monetary policy was observed to have ...