Post Utme Elizade University 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2017 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Elizade University 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.

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