Post Utme Afe Babalola University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks from 10% to 15%. What is the effect on the money supply?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

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