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An increase in liquid reserve requirements by the central bank of Nigeria will result in

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
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Correct Answer: Option C
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free