Post Utme Lautech 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

The Central Bank of Nigeria has increased the reserve requirement for commercial banks. What is the likely effect of this policy on the money supply?

Answer Options

A. Increase in money supply
Correct Answer B. Decrease in money supply
C. No effect on money supply
D. Increase in interest rates
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Lautech 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

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