What central bank of nigeria sells stabilization securities

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Reference no: EM132601746

Explain briefly what happens to money supply in these circumstances:

Question a. Cash Reserve Ratio (CRR) is reduced from 27.5% to 25%?

Question b. The Central Bank of Nigeria sells Stabilization Securities worth N5 billion to banks?

Question c. The Central Bank of Nigeria redeems N2 billion worth of Treasury Bills and does not issue new bills?

Reference no: EM132601746

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