Effects Of Interest Rate Deregulation On Commercial Banks Credit Creation In Nigeria
ABSTRACT
Interest rates are rental payments for the use c credit by
potential borrowers and return for parting with liquidity with lenders. Just
like prices1interest rates perform a rationing function by allocating limited
supply of credit among many competing demands on it. (CBN 1995) According to
Uchendu (1993:35) "Interest ate can be defined as the return or yield on
equity opportunity cost of differing current consumption into the future",
In yew of these definitions and description, interest rate also has cc tam
roles it performs. The primary role of interest rate is to help in the
mobilization of financial resources and to ensure efficient utilization of such
resources in the promotion of economic growth and development. Interest rate
also affect the level of consumption and the pattern of investment.
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NWOKO, C (2021). Effects Of Interest Rate Deregulation On Commercial Banks Credit Creation In Nigeria. Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-interest-rate-deregulation-on-commercial-banks-credit-creation-in-nigeria-7-2
CHARLES, NWOKO. "Effects Of Interest Rate Deregulation On Commercial Banks Credit Creation In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/effects-of-interest-rate-deregulation-on-commercial-banks-credit-creation-in-nigeria-7-2. Accessed 18 Nov. 2024.
CHARLES, NWOKO. "Effects Of Interest Rate Deregulation On Commercial Banks Credit Creation In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 14 Jul. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-interest-rate-deregulation-on-commercial-banks-credit-creation-in-nigeria-7-2 >.
CHARLES, NWOKO. "Effects Of Interest Rate Deregulation On Commercial Banks Credit Creation In Nigeria" Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/effects-of-interest-rate-deregulation-on-commercial-banks-credit-creation-in-nigeria-7-2