Post Utme Unilorin 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A central bank uses the money multiplier to control the money supply in an economy. If the reserve requirement is 10% and the excess reserves are ₦100 million, find the money multiplier.

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Unilorin 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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