Post Utme Redeemers University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

The Central Bank of Nigeria has increased the reserve requirement for commercial banks from 10% to 15%. What is the effect of this policy on the money supply?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Redeemers University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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