Post Utme Uniosun 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UNIOSUN • 2018 • COMMERCE • objective

The Central Bank of Nigeria (CBN) uses the monetary policy instrument of Open Market Operations (OMO) to increase the money supply in the economy. Which of the following is a consequence of this action?

Answer Options

A. The interest rate in the economy decreases.
B. The exchange rate of the naira appreciates.
Correct Answer C. The inflation rate in the economy increases.
D. The money supply in the economy decreases.
Correct Answer
C
Correct Option:
The inflation rate in the economy increases.

About This Question

This is Post Utme Uniosun 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Uniosun Commerce examination.

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