Post Utme Ims U 2024 Commerce Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Ims U Commerce examination.

Post Utme Ims U 2024 Commerce Objective / Multiple Choice

Question 26 POST_UTME_IMS_U • 2024 • COMMERCE • objective

A bank's decision to increase interest rates on savings accounts may lead to a decrease in the money supply. Which of the following is a potential consequence of this action?

Correct Answer A. Increased borrowing costs for consumers

B. Reduced demand for loans from businesses

C. Increased inflation due to higher interest rates

D. Decreased savings rates for depositors

Correct Answer

Correct Option:

Increased borrowing costs for consumers

This is Post Utme Ims U 2024 Commerce Question 26. It is one of the objective questions from the 2024 Post Utme Ims U Commerce examination.

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