Post Utme Mountain Top University 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice

Question 38 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks. What is the effect on the money supply?

Answer Options

A. Money supply increases

Correct Answer B. Money supply decreases

C. Money supply remains the same

D. Money supply becomes negative

Correct Answer

Correct Option:

Money supply decreases

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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