Post Utme Summit University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. Increase
Correct Answer B. Decrease
C. No effect
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Summit University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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