Post Utme Christopher University 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks from 10% to 15%. What will be 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 Christopher University 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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