Question: Question 6 a) Write short notes on the following tools used by the Bank of Zambia to implement a monetary policy: i) Discount rate. (5

Question 6

a) Write short notes on the following tools used by the Bank of Zambia to implement a monetary policy:

i) Discount rate. (5 marks)

ii) Open market (5 marks )

b) What are three (3) key element to successfully managing risk (10 marks)

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