Post Utme Uniben 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses the following monetary policy instruments to control inflation: reserve requirements, open market operations, and interest rates. Which of the following is NOT a direct effect of an increase in the reserve requirement ratio?

Answer Options

A. Reduced money supply
Correct Answer B. Increased interest rates
C. Increased reserve requirement ratio
D. Reduced inflation
Correct Answer
B
Correct Option:
Increased interest rates

About This Question

This is Post Utme Uniben 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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