Post Utme Unilorin 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A central bank increases the reserve requirement for commercial banks. What is the likely effect on the money supply?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Unilorin 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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