Explain five measures that can be taken by central bank to control hyperinflation
Answer Text: -Using open market operations to mop up excess liquidity from the economy-Increasing the liquidity ratio so that the lending ability of commercial banks is reduced-Increasing the general production of goods andservices to avoid shortages that cause inflation-Using selective credit control so as to issue credit to only a few sectors that are deemed important for economic growth-Government borrowing from the public through open air market
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