Post Utme Madonna University 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Madonna University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.

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