Waec Model Questions Vol1 2024 Economics Question 46
Practice objective / multiple choice question 46 from the 2024 Waec Model Questions Vol1 Economics examination.
The Central Bank of Nigeria decides to increase the money supply by purchasing government securities worth ₦200 million. The statutory reserve requirement is 10 % and the public's currency‑to‑deposit ratio is 0.2. Assuming the banking system fully utilizes the new reserves, what is the total increase in the money supply (in millions of naira) resulting from this open‑market operation?
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About This Question
This is Waec Model Questions Vol1 2024 Economics Question 46. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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