Post Utme Veritas University 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 16 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) uses monetary policy to control inflation. Which of the following is a consequence of a contractionary monetary policy?

Answer Options

A. Increase in interest rates
Correct Answer B. Decrease in money supply
C. Increase in inflation rate
D. Decrease in GDP
Correct Answer
B
Correct Option:
Decrease in money supply

About This Question

This is Post Utme Veritas University 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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