Post Utme Bowen University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2018 Economics Objective / Multiple Choice

Question 21 POST_UTME_BOWEN_UNIVERSITY • 2018 • 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. A decrease in the money supply

B. An increase in the money supply

C. A decrease in interest rates

D. An increase in interest rates

Correct Answer

Correct Option:

A decrease in the money supply

About This Question

This is Post Utme Bowen University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Bowen University Economics examination.

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