Post Utme Eksu 2020 Economics Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 21 POST_UTME_EKSU • 2020 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses the monetary policy instrument of Open Market Operations (OMO) to increase the money supply in the economy. What is the effect of OMO on the money supply?

Answer Options

Correct Answer A. Increase the money supply
B. Decrease the money supply
C. Have no effect on the money supply
D. Increase the interest rate
Correct Answer
A
Correct Option:
Increase the money supply

About This Question

This is Post Utme Eksu 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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