Post Utme Rhema University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A central bank in Nigeria uses the monetary policy instrument of open market operations to increase the money supply in the economy. What is the effect of this action on the interest rate?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Dep\end on the type of open market operation
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Rhema University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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