Post Utme Summit University 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

The Central Bank of Nigeria (CBN) uses monetary policy to regulate the money supply in the economy. Which of the following instruments is used to reduce the money supply?

Answer Options

A. Open Market Operations (OMO)
Correct Answer B. Reserve Requirements
C. Discount Rate
D. Selective Credit Controls
Correct Answer
B
Correct Option:
Reserve Requirements

About This Question

This is Post Utme Summit University 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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