Post Utme Lead City University 2023 Economics Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A central bank wants to reduce inflation in an economy. It decides to increase the reserve requirement for commercial banks. This policy will:

Answer Options

Correct Answer A. reduce the money supply
B. increase the money supply
C. reduce the interest rate
D. increase the interest rate
Correct Answer
A
Correct Option:
reduce the money supply

About This Question

This is Post Utme Lead City University 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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