Post Utme Rsu 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Rsu Economics examination.

Post Utme Rsu 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2018 • ECONOMICS • objective

The Nigerian government has introduced a new monetary policy to reduce inflation. The policy involves increa\sing the reserve requirement for commercial banks and reducing the money supply. However, the policy has been criticized for being too restrictive and reducing economic growth. Which of the following is a potential consequence of this policy?

Answer Options

A. Reduced inflation and improved economic growth
Correct Answer B. Increased inflation and reduced economic growth
C. Reduced unemployment and improved living s\tandards
D. Increased government revenue and reduced poverty
Correct Answer
B
Correct Option:
Increased inflation and reduced economic growth

About This Question

This is Post Utme Rsu 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Rsu Economics examination.

View More Post Utme Rsu 2018 Economics Questions More Post Utme Rsu 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