Q. Selective credit control devices are used by the central bank of a country to:
a. Regulate the volume of aggregate bank credit in the economy
b. Regulate credit-creation on the part of some selected banks
c. Control the flow of aggregate bank credit to different productive activities in the economy
d. Selectively allocate credit among banks
ANSWER: Control the flow of aggregate bank credit to different productive activities in the economy
Answer & Explanation
No explanation is available for this question!
