Post Utme Veritas University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 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.
Correct Answer B. The money supply will increase.
C. The money supply will remain unchanged.
D. The money supply will fluctuate.
Correct Answer
B
Correct Option:
The money supply will increase.

About This Question

This is Post Utme Veritas University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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