Post Utme Veritas University 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice

Question 15 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A bank's interest rate is a tool used to regulate the money supply in an economy. What is the primary effect of an increase in the interest rate?

Answer Options

A. To increase the money supply in the economy

Correct Answer B. To decrease the money supply in the economy

C. To regulate the money supply in the economy

D. To increase the interest rates in the economy

Correct Answer

Correct Option:

To decrease the money supply in the economy

About This Question

This is Post Utme Veritas University 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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