Post Utme Unilorin 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNILORIN • 2019 • ECONOMICS • objective

The Central Bank of Nigeria has increased the reserve requirement for commercial banks from 10% to 15%. U\sing the concept of money supply, explain how this change will affect the money supply in the economy.

Answer Options

A. The money supply will decrease by 5%.
Correct Answer B. The money supply will increase by 5%.
C. The money supply will remain the same.
D. The money supply will decrease by 10%.
Correct Answer
B
Correct Option:
The money supply will increase by 5%.

About This Question

This is Post Utme Unilorin 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Unilorin Economics examination.

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