Post Utme Ui 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 7 POST_UTME_UI • 2022 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy aimed at reducing inflation in the country. If the CBN increases the reserve requirement for commercial banks, what is the likely effect on the money supply in the economy?

Answer Options

A. Increase in money supply
Correct Answer B. Decrease in money supply
C. No impact on money supply
D. Increase in interest rates
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Ui 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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