Post Utme Skyline University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A central bank is u\sing the money supply multiplier to increase the money supply in an economy. If the reserve requirement is 20% and the money multiplier is 5, what is the increase in the money supply?

Answer Options

A. 25%
Correct Answer B. 50%
C. 75%
D. 100%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Skyline University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

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