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An increase in cash ratio by the central bank will_______

Economics
WAEC 2021

An increase in cash ratio by the central bank will_______

  • A. Increase the supply of money.
  • B. Increase banks lending
  • C. Encourage borrowing.
  • D. Reduce the supply of money.
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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