Post Utme Babcock University 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2024 Commerce Objective / Multiple Choice

Question 16 POST_UTME_BABCOCK_UNIVERSITY • 2024 • COMMERCE • objective

A bank's decision to increase interest rates on loans can have a ripple effect on the entire economy. Which of the following is a likely consequence of this action?

Answer Options

A. Increased consumer spending

B. Reduced inflation

Correct Answer C. Higher unemployment rates

D. Increased business investment

Correct Answer

Correct Option:

Higher unemployment rates

About This Question

This is Post Utme Babcock University 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Babcock University Commerce examination.

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