Post Utme Lasu 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2017 • ECONOMICS • objective

The Central Bank of Nigeria has increased the reserve requirement for commercial banks from 10% to 15%. What is the effect of this policy 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 Lasu 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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