khalidsaninabasu
khalidsaninabasu khalidsaninabasu
  • 29-05-2022
  • Business
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how does the CBN affect/determine the supply of money​

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lilymidoriya598
lilymidoriya598 lilymidoriya598
  • 29-05-2022

Answer:

Central banks affect the quantity of money in circulation by buying or selling government securities through the process known as open market operations (OMO). When a central bank is looking to increase the quantity of money in circulation, it purchases government securities from commercial banks and institutions.

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