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Open market operations as an instrument of credit control are performed by:
  • a)
    The central bank of the country
  • b)
    The commercial bank of the country
  • c)
    Both commercial banks and the central bank
  • d)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Open market operations as an instrument of credit control are performe...
Open market operations as an instrument of credit control are performed by RBI.
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Open market operations as an instrument of credit control are performed by:a)The central bank of the countryb)The commercial bank of the countryc)Both commercial banks and the central bankd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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