Post Utme Babcock University 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

The government of a country is considering a policy to reduce inflation. The policy involves reducing the money supply by 10%. If the current money supply is ₦100 billion, what will be the new money supply?

Answer Options

Correct Answer A. ₦90 billion
B. ₦95 billion
C. ₦100 billion
D. ₦105 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Babcock University 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Babcock 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