Post Utme Futa 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2022 • COMMERCE • objective

The Central Bank of Nigeria (CBN) uses monetary policy to regulate the money supply in the economy. Which of the following instruments is used to reduce the money supply?

Answer Options

A. Open Market Operations (OMO)
Correct Answer B. Reserve Requirements
C. Discount Rate
D. Selective Credit Controls
Correct Answer
B
Correct Option:
Reserve Requirements

About This Question

This is Post Utme Futa 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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