Post Utme Abu 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_ABU • 2024 • ECONOMICS • objective

A government wants to reduce inflation by reducing the money supply. If the initial money supply is ₦100 billion and the government reduces it by 10%, what is the new money supply?

Answer Options

A. ₦90 billion
Correct Answer B. ₦80 billion
C. ₦70 billion
D. ₦60 billion
Correct Answer
B
Correct Option:
₦80 billion

About This Question

This is Post Utme Abu 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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