Post Utme Achievers University 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce inflation. If the current inflation rate is 5% and the central bank wants to reduce it to 3% within the next 2 years, what is the required annual rate of inflation reduction?

Answer Options

A. 2%
Correct Answer B. 3%
C. 4%
D. 5%
Correct Answer
B
Correct Option:
3%

About This Question

This is Post Utme Achievers University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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