Post Utme Ims U 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks from 10% to 20%. If the money multiplier is 4, what is the new money supply?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦400,000
D. ₦800,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Ims U 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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