Post Utme Veritas University 2023 Commerce Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice
Question 16 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

The Central Bank of Nigeria (CBN) uses monetary policy to regulate the money supply in the economy. Which of the following instruments is used to reduce the money supply?

Answer Options

A. Open Market Operations (OMO)
Correct Answer B. Reserve Requirements
C. Discount Rate
D. Selective Credit Controls
Correct Answer
B
Correct Option:
Reserve Requirements

About This Question

This is Post Utme Veritas University 2023 Commerce Question 16. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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