IMPACT OF SELECTED MONETARY POLICY INSTRUMENTS ON THE GROWTH OF NIGERIA ECONOMY
CHAPTER ONE 1.0 Introduction 1.1 Background of the Study Monetary policies are pursued to control inflationary trends by maintaining price stability, achieve and promote full employment and achieve positive economic growth. In pursuing its monetary policies, the Central Bank of a country can use various tools which include open market operations (sale and repurchase of government securities), placing a ceiling on bank lending and raising the reserve requirements”. According to ...
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