Waec Model Questions Vol1 2019 Economics Question 21
Practice objective / multiple choice question 21 from the 2019 Waec Model Questions Vol1 Economics examination.
The Central Bank wants to increase the money supply by ₦500 million. The required reserve ratio is 10% and the public holds 25% of deposits as cash (currency‑deposit ratio = 0.25). How much must the Central Bank inject through open‑market purchases to achieve the target increase?
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 21. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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