Waec Model Questions Vol1 2018 Economics Question 12
Practice objective / multiple choice question 12 from the 2018 Waec Model Questions Vol1 Economics examination.
In a country the public holds currency equal to 30% of bank deposits. The central bank requires banks to keep 10% of deposits as reserves. If the central bank injects ₦200 million into the banking system through an open‑market purchase, what is the total increase in the money supply?
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About This Question
This is Waec Model Questions Vol1 2018 Economics Question 12. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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