Post Utme Achievers University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks. What is the effect on the money supply?

Answer Options

A. Money supply increases
Correct Answer B. Money supply decreases
C. Money supply remains unchanged
D. Money supply increases at a slower rate
Correct Answer
B
Correct Option:
Money supply decreases

About This Question

This is Post Utme Achievers University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.

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