Post Utme Mountain Top University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ECONOMICS • objective

The central bank of Nigeria has increased the reserve requirement for commercial banks. What is the likely effect of this policy on the money supply?

Answer Options

A. The money supply will increase
Correct Answer B. The money supply will decrease
C. The money supply will remain unchanged
D. The money supply will be unaffected
Correct Answer
B
Correct Option:
The money supply will decrease

About This Question

This is Post Utme Mountain Top University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2021 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support