Post Utme Joseph Ayo Babalola University 2018 Commerce Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2018 Commerce Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A bank's decision to increase interest rates on savings accounts may have a ripple effect on the entire economy. Which of the following is a likely consequence of this action?

Answer Options

A. Increased consumer spending
B. Reduced inflation
Correct Answer C. Decreased economic growth
D. Increased business investment
Correct Answer
C
Correct Option:
Decreased economic growth

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Commerce examination.

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