Post Utme Mountain Top University 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) from 13.5% to 14.8% in 2020. What is the likely effect of this increase on the economy?

Answer Options

Correct Answer A. Increased inflation
B. Decreased inflation
C. Increased economic growth
D. Decreased economic growth
Correct Answer
A
Correct Option:
Increased inflation

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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