Post Utme Achievers University 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2017 Economics Objective / Multiple Choice
Question 11 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy aimed at reducing inflation. The policy involves increa\sing the reserve requirement for commercial banks. Which of the following is a likely effect of this policy?

Answer Options

Correct Answer A. Reduced money supply
B. Increased interest rates
C. Increased government sp\ending
D. Increased inflation
Correct Answer
A
Correct Option:
Reduced money supply

About This Question

This is Post Utme Achievers University 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Achievers University Economics examination.

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