Post Utme Joseph Ayo Babalola University 2020 Commerce Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

The Central Bank of Nigeria (CBN) has introduced a new monetary policy aimed at reducing inflation. The policy involves increasing the reserve requirement for commercial banks. Which of the following is a likely consequence of this policy?

Answer Options

Correct Answer A. Reduced money supply
B. Increased interest rates
C. Increased government spending
D. Reduced economic growth
Correct Answer
A
Correct Option:
Reduced money supply

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 36. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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