Post Utme Wellspring University 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

The government of Nigeria wants to reduce inflation by increa\sing the reserve requirement of commercial banks. If the reserve requirement is increased from 10% to 15%, what will be the effect on the money supply?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Wellspring University 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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