Post Utme Wellspring University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

A government is considering a policy to reduce inflation by increa\sing the reserve requirement of commercial banks. If the current reserve requirement is 10% and the government wants to increase it by 5 percentage points, what will be the new reserve requirement?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Wellspring University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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