Bac Série B Côte D'Ivoire Practice Questions - Baccalauréat Série B (Sciences Économiques Et Sociales) - Côte D'Ivoire Exam

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When the BCEAO raises the minimum reserve requirement ratio (taux des réserves obligatoires) for commercial banks in Côte d'Ivoire, what is the expected macroeconomic effect?

Commercial banks have more excess liquidity, expanding bank credit and stimulating inflation The exchange rate between the CFA Franc and the Euro immediately floats freely on global forex markets The national government's tax revenues automatically double within the same quarter Commercial banks must hold more non-interest-bearing deposits at the central bank, restricting bank credit and dampening inflationary pressures

Correct Answer:

Commercial banks must hold more non-interest-bearing deposits at the central bank, restricting bank credit and dampening inflationary pressures

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