Post Utme Uniosun 2017 Economics Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice

Question 19 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

The central bank of Nigeria has increased the reserve requirement for commercial banks. What is the likely effect on the money supply?

Answer Options

A. Increase in money supply

Correct Answer B. Decrease in money supply

C. No change in money supply

D. Uncertainty about the effect on money supply

Correct Answer

Correct Option:

Decrease in money supply

About This Question

This is Post Utme Uniosun 2017 Economics Question 19. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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