Post Utme Ui 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_UI • 2018 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has increased the reserve requirement for commercial banks from 10% to 15%. What is the likely effect of this policy on the money supply?

Answer Options

A. The money supply will increase.
Correct Answer B. The money supply will decrease.
C. The money supply will remain unchanged.
D. The money supply will be unaffected.
Correct Answer
B
Correct Option:
The money supply will decrease.

About This Question

This is Post Utme Ui 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

View More Post Utme Ui 2018 Economics Questions More Post Utme Ui Practice Questions Back to Questions

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