Post Utme Veritas University 2023 Commerce Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice

Question 12 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A bank's cash reserve ratio is a tool used to regulate the money supply in an economy. What is the primary purpose of a cash reserve ratio?

Answer Options

A. To increase the money supply in the economy

B. To decrease the money supply in the economy

Correct Answer C. To regulate the money supply in the economy

D. To increase the interest rates in the economy

Correct Answer

Correct Option:

To regulate the money supply in the economy

About This Question

This is Post Utme Veritas University 2023 Commerce Question 12. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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