Post Utme Rsu 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 39 POST_UTME_RSU • 2020 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy aimed at reducing inflation. The policy involves increa\sing the reserve requirement for commercial banks. What is the likely effect of this policy on the money supply?

Answer Options

A. Increase in money supply
Correct Answer B. Decrease in money supply
C. No change in money supply
D. Increase in velocity of money
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Rsu 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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