Post Utme Nile University 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

The diagram below represents a flowchart for a banking transaction. What is the effect of a bank's decision to increase interest rates on the flowchart?

Answer Options

A. Increased deposits
B. Decreased withdrawals
Correct Answer C. Increased lending
D. Decreased borrowing
Correct Answer
C
Correct Option:
Increased lending

About This Question

This is Post Utme Nile University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Nile University Commerce examination.

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