An increase in liquid reserve requirements by the central bank of Nigeria will result in
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- 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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