Post Utme Ui 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_UI • 2022 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy to reduce inflation by increa\sing the reserve requirement for commercial banks. If the reserve requirement increases from 10% to 12%, what will be 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 Ui 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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