Post Utme Lasu 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Lasu Economics examination.

Post Utme Lasu 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_LASU • 2020 • ECONOMICS • objective

A central bank increases the reserve requirement from 10% to 15%. What is the effect on the money supply?

Answer Options

A. The money supply increases.
Correct Answer B. The money supply decreases.
C. The money supply remains unchanged.
D. The money supply increases by 5%.
Correct Answer
B
Correct Option:
The money supply decreases.

About This Question

This is Post Utme Lasu 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.

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