Post Utme Uniben 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

The Central Bank of Nigeria has increased the reserve requirement for commercial banks. 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 the same.
D. The money supply will fluctuate.
Correct Answer
B
Correct Option:
The money supply will decrease.

About This Question

This is Post Utme Uniben 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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