THE ROLE OF COMMERCIAL BANKS IN ACHIEVING STABILITY IN FOREIGN EXCHANGE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This research project work was undertaken with a purpose of determining and evaluation of the effect of the Role of Commercial Bank in Achieving Stability in Foreign Exchange. The effect of the Role of Commercial Bank on the behavioral aspect of management information system are Aggression Avoidance and Projection on the other hand other operational pressures are maintaining the system. Personal problems in the book-keeping department maintaining book-keeping machines. Exparching volume of operation’s need to accommodate the increasing volume need to maintain or reduce cost-unsatisfactory output. Errors in terms of reports and statement delays in work processing needs or system change. This study empirically examined the impact of foreign exchange fluctuation on the intermediation of banks in Nigeria with a view to enabling the banking system work efficiently and effectively towards the proper valuation of the Naira. The study used data sourced mainly from Central Bank of Nigeria publications. In conducting this relationship study, sample sizes of 34 years (1970 – 2004) were collected and analyzed. The analysis empirically examined the relationship between exchange rate fluctuation and commercial banks intermediation index with using annual average exchange rate as independent variables while Commercial Banks Intermediation Index (CBII) represented the dependent variable. Using SPSS to conduct the regression and correlation analysis, the study found that there is a positive relationship between foreign exchange fluctuation and CBII, that only about 28% of the changes in CBII is accounted for by variations in foreign exchange(that is, after adjusting for sample size), since the adjusted R2 = 0.278. It also revealed that at 5% significance level, the critical T-value of 2.042 is less than the computed T-value of 3.754, hence, the rejection of Ho. The result led to the conclusion that exchange rate fluctuation has significant impact on banks’ intermediation. It was therefore, recommended that government should ensure a stable naira exchange rate through a right mix of policies and de-emphasis on cash-economy.
Related Project Materials
FARM POWER SOURCES AND UTILIZATION IN ENUGU STATE
BACKGROUND OF STUDY
Power is required to develop and execute the activities involved in agricultural pr...
THE STUDY OF PROPERTIES OF BRIQUETTE PRODUCED FROM GROUNDNUT SHELL COAL BLEND
Background of the study
Biomass, particularly agricultural residues seem to be one of the most promising energy resources for developing...
OIL IN NIGERIAN PROSE FICTION: A STUDY OF HELON HABILA’S OIL ON WATER AND KAINE AGARY’S YELLOW YELLOW
ABSTRACT
The history of oil exploration and production in the Niger Delta is a long, complex and often...
THE EFFECT OF PARENTAL INFLUENCE OF THE CHOICE OF CAREER AMONG SECONDARY SCHOOL
-
-
Background of the study
-
Career play a very fundamental and...
A CYBER-PHYSICAL SYSTEM WITH A MIXED REALITY INTERFACE
ABSTRACT
This thesis presents a cyber physical system that mirrors and augments real world devices and their functionality in a virtual r...
INVESTIGATION OF INSTRUCTIONAL MATERIALS AND INFLUENCE ON STUDENT’S PERFORMANCE IN ENGLISH LANGUAGE
Background of the study
Notably, the English language was launched into many nations, among other things, through coloni...
ASSESSMENT OF THE IMPLEMENTATION OF ADULT EDUCATION PROGRAMME IN BENUE STATE, NIGERIA
ABSTRACT
This study assessed the implementation of Adult Education programme in Benue state, Nigeria. Seven objectives guided the study,...
SOCIAL MEDIA AND DEMOCRATIC ELECTIONS IN NIGERIA
Abstract
This study analyzed how online news media covered the 2015 presidential election in Nigeria. The aim is to est...
IMPACT OF MANAGEMENT INFORMATION SYSTEM (MIS) ON THE INSURANCE INDUSTRY IN NIGERIA
Abstract
Management Information systems have become an integral part of every corporate organization, e...
THE EXTENT OF USE OF INSTRUCTIONAL MATERIAL IN TEACHING AND LEARNING OF BASIC SCIENCE AND COMPUTER SCIENCE IN JUNIOR SECONDARY SCHOOL
BACKGROUND OF THE STUDY
Instructional materials are variety of materials in various formats which influ...
