Post Utme Madonna University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

The central bank of Nigeria has increased the reserve requirement for commercial banks. What is the 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 Madonna University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.

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