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viva [34]
3 years ago
14

Which civil rights leader was the first black to earn a Ph.D. from Harvard?

Social Studies
1 answer:
Sloan [31]3 years ago
3 0
C. WEB DuBois was a civil rights leader who was the first African American to earn his Ph.D from Harvard.
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Open market operation : This is used when the central bank feels that the money in circulation is too little and wants to increase it, the bank will buy treasury bill from the commercial banks and give the commercial banks money. This will increase the money in circulation. But if the central bank feels that the money in circulation is too much and it wants to withdraw some, then the central bank sells treasury bill to the commercial banks and collect money from commercial banks this will decrease the money in circulation

Bank Rate : The bank rate determined the interest rate charged by banks on its loan. If the bank rate is high, the interest rate charged by commercial banks will be high.this will discourage the people from taken loan from the bank. But when the central bank reduces the bank rate, this will also make the interest rate to be low which will encourage the people to borrow from the commercial banks.

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