Post Utme Achievers University 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ECONOMICS • objective

A government is considering implementing a policy to reduce 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

A. Increase in money supply
Correct Answer B. Decrease in money supply
C. Increase in interest rates
D. Decrease in interest rates
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Achievers University 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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