Post Utme Al Hikmah University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A country has a monetary policy of increa\sing the money supply by 5% per annum. If the initial money supply is 100 billion, what is the money supply after 5 years?

Answer Options

A. 125 billion
B. 130 billion
C. 135 billion
Correct Answer D. 140 billion
Correct Answer
D
Correct Option:
140 billion

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support