Post Utme Al Hikmah University 2018 Economics Question 43

Practice objective / multiple choice question 43 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 43 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A country has a monetary policy of decrea\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. 95 billion
B. 90 billion
C. 85 billion
Correct Answer D. 80 billion
Correct Answer
D
Correct Option:
80 billion

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 43. 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