Post Utme Summit University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks. What is the effect on the money supply?

Answer Options

A. Increases
Correct Answer B. Decreases
C. Remains unchanged
D. Becomes zero
Correct Answer
B
Correct Option:
Decreases

About This Question

This is Post Utme Summit University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.

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