The Impact Of Cashless Policy On Profitability Of Commercial Banks In Nigeria

56 pages Chapters 5 ID: BFN0798

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DepartmentBanking and Finance
TypeProject
Pages56
Chapters5
FormatMS Word & PDF
Reference No.BFN0798

Abstract

(A CASE STUDY OF FIDELITY BANK PLC)   CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The importance of managing the economy efficiently cannot be over emphasized. The monetary authorities, by controlling the supply of money, maintain price stability and influence economic activities especially when combined with appropriate fiscal measures (Friedman, 1999). The banking system remains the major channel for monetary control by the Central Bank of Nigeria (CBN) and the monetary authorities in general. Unfortunately, it is estimated that about 65% of the cash in circulation …

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