Post Utme Lead City University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice

Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses monetary policy to control inflation. Which of the following is a consequence of a contractionary monetary policy?

Answer Options

A. Increase in interest rates

Correct Answer B. Decrease in money supply

C. Increase in government sp\ending

D. Increase in inflation rate

Correct Answer

Correct Option:

Decrease in money supply

About This Question

This is Post Utme Lead City University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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