Post Utme Skyline University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks from 10% to 15%. What is the effect 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 Skyline University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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