Post Utme Al Hikmah University 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2021 Economics Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ECONOMICS • objective

A central bank is u\sing a monetary policy tool to reduce inflation. If the current money supply is ₦100 billion, and the central bank wants to reduce the money supply by 10%, what will be the new money supply?

Answer Options

Correct Answer A. ₦90 billion
B. ₦100 billion
C. ₦110 billion
D. ₦120 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Al Hikmah University 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.

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