Post Utme Esut 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_ESUT • 2022 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce inflation. The bank has two options: Option A, which involves increa\sing the reserve requirement for commercial banks, or Option B, which involves increa\sing the discount rate. Which option is more likely to reduce inflation?

Answer Options

A. Option A
Correct Answer B. Option B
C. Both options are equally effective
D. Neither option is effective
Correct Answer
B
Correct Option:
Option B

About This Question

This is Post Utme Esut 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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