Post Utme Al Hikmah University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ECONOMICS • objective

The Central Bank of Nigeria has implemented a monetary policy aimed at reducing inflation. The policy involves a reduction in the money supply by 10%. If the initial money supply was ₦1 trillion, what is the new money supply?

Answer Options

Correct Answer A. ₦900 billion
B. ₦950 billion
C. ₦1 trillion
D. ₦1.1 trillion
Correct Answer
A
Correct Option:
₦900 billion

About This Question

This is Post Utme Al Hikmah University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.

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