An increase in both the legal reserve ratio and... - JAMB Economics 1994 Question
An increase in both the legal reserve ratio and discount rate has the effect of?
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
Ask EduPadi AI...
Correct Option: B
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses