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THE EFFICIENCY OF MONETARY POLICY IN CONTRIBUTION INFLATION IN NIGERIA

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY The monetary policy of a country deals with control of money stock (liquidity) and therefore interest rate; in order to influence such macro economics variables as inflation, employment, balance of payment, aggregate output in the desired direction. There is no standard and ideal structure of monetary policy target and instrument, the instrument varies from country to country, depending on the size and ...

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