Post Utme Bsu 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Bsu Economics examination.

Post Utme Bsu 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_BSU • 2023 • ECONOMICS • objective
Post Utme Bsu 2023 Economics Question 8 diagram

A central bank implements a monetary policy by increa\sing the reserve requirement for commercial banks. U\sing the following diagram, identify the new equilibrium interest rate and money supply.

Answer Options

Correct Answer A. i = 5%, M = 1000
B. i = 10%, M = 500
C. i = 15%, M = 2000
D. i = 20%, M = 3000
Correct Answer
A
Correct Option:
i = 5%, M = 1000

About This Question

This is Post Utme Bsu 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Bsu Economics examination.

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