Post Utme Futo 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_FUTO • 2020 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks. What is the likely effect on the money supply?

Answer Options

A. Increase in money supply
Correct Answer B. Decrease in money supply
C. No change in money supply
D. Uncertainty in money supply
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Futo 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support