Waec 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Waec Economics examination. This question covers Banking .

Waec 2022 Economics Objective / Multiple Choice 2 Difficulty

Topic: Banking

Question 37 WAEC • 2022 • ECONOMICS • objective

If the Central Bank increases its bank rate A.

Correct Answer A. many banks will shut down their operations

B. customers will borrow more from banks

C. the supply of money may be reduced

D. interest charges by banks will fall

Correct Answer

Correct Option:

many banks will shut down their operations

This is Waec 2022 Economics Question 37. It is one of the objective questions from the 2022 Waec Economics examination.

The question covers Banking .

Difficulty level: 2 .

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