Economics
JAMB 1978
An increase in liquid reserve requirements by the central bank of Nigeria will result in
-
A.
a reduction in commercial banks' excess reserves
-
B.
more commercial bank loan to members of the public
-
C.
an increase in commercial banks excess reserves
-
D.
no change in commercial banks excess reserves
-
E.
a reduction in central banks gold reserves
Correct Answer: Option C
Explanation
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