APPRAISING / EXAMINE THE MONETARY POLICY OF THE CENTRAL BANK OF NIGERIAN ON COMMERCIAL BANKS IN NIGERIA. (A CASE STUDY OF WEMA BANK PLC.)
ABSTRACT
This project appraised the monetary policy of the Central Bank on the commercial banks Nigeria. Part of the statutory power of the Central Bank of Nigeria is to conduct the activities of commercial bank in other to sustain a verily economy. However, when monetary policy be implemented, the external reserves will maintained safeguard the international value of the currency and promotes stable exchange rate. The monetary instruments which the Central Bank of Nigeria used to achieve these objectives are open market operation, moral suasion, reserve requirement, special deposit, bank rate etc. which subsequently have a positive impact on the economy. To authenticate the statement of fact that the Central bank play an important role in the economy through the implementation of monetary policy, a well structured questionnaire was presented at Wema Bank Plc. The method of statistical analysis used in chi-square in conclusion, this project appraises the role of the Central Bank of Nigeria on commercial banks in Nigeria through a well implemented monetary policy with turn-over on liquidity channel, credit channel, exchange rate mechanism etc.
PAGES 78
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.