Discounting Rate – Control Of Bank Liquidity The discount rate is the price paid by the owner of securities to the central bank of Nigeria for converting the securities into cash. As a technique of monetary control … [Read more...]
Direct Control Of Bank Liquidity – Supplementary Aid
Direct Control Of Bank Liquidity When it comes to the discussion of the traditional weapon of monetary control by the governing body or agency, we observed that the ability of commercial banks to create credit depends not only on their reserves but they are holding. … [Read more...]