SS3: ECONOMICS - 1ST TERM
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Economic Lessons from Asian Tigers I4 Topics
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Economic Lessons from Asian Tigers II6 Topics|1 Quiz
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Human Capital Development I3 Topics
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Human Capital Development II2 Topics|1 Quiz
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Petroleum and the Nigeria Economy I3 Topics
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Petroleum and the Nigeria Economy II3 Topics|1 Quiz
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Manufacturing and Construction3 Topics|1 Quiz
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Services Industries3 Topics|1 Quiz
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Agencies that Regulate the Financial Market9 Topics|1 Quiz
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Regulatory Agencies
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Functions of the Central Bank
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Nigeria Deposit Insurance Corporation (NDIC)
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Securities and Exchange Commission (SEC)
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Nigerian Stock Exchange (NSE)
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National Insurance Corporation of Nigeria (NICON)
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National Insurance Commission (NAICOM)
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Federal Mortgage Bank (FMBN)
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The Foreign Exchange Market
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Regulatory Agencies
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International Trade8 Topics|1 Quiz
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International Trade
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Differences & Similarities between International Trade and Internal Trade
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Law of Absolute Cost Advantage
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Law of Comparative Cost Advantage
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Advantages & Limitations of Law of Comparative Cost Advantage
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International Trade (Advantages, Disadvantages, Problems & Barriers)
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Infant Industries
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Reasons Why Protectionist Laws & Tariffs are Imposed on International Trade
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International Trade
Functions of the Central Bank
Topic Content:
- Meaning of Central Bank
- Functions of the Central Bank
The central bank is the Apex bank established by an act of parliament and charged with management, supervision, and control of the national monetary affairs and coordination of banking and finances of a country.
The CBN was established by the CBN Act of 1958 but commenced operation in July 1959. It is the highest body of financial institutions in Nigeria that regulates monetary policyCentral banks use monetary policy to manage economic fluctuations and achieve price stability, which means that inflation is low and stable. More.
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