An increase in both the legal reserve ratio and discount rate has the effect of?

Economics

JAMB 1994

A. increasing the quantity of money in circulation
B. decreasing the quantity of money in circulation
C. increasing the value of money
D. decreasing the value of money

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Correct Answer: Option B

Explanation

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An increase in both the legal reserve ratio and discount rate has the effect of?

Correct Answer: Option B

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