Post Utme Al Hikmah University 2025 Economics Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2025 Economics Objective / Multiple Choice
Question 18 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ECONOMICS • objective

A central bank has a money supply of 1000 and a reserve requirement of 20%. U\sing the money multiplier formula, find the total deposits in the banking system.

Answer Options

Correct Answer A. Total deposits: 5000
B. Total deposits: 6000
C. Total deposits: 7000
D. Total deposits: 8000
Correct Answer
A
Correct Option:
Total deposits: 5000

About This Question

This is Post Utme Al Hikmah University 2025 Economics Question 18. It is one of the objective questions from the 2025 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