Post Utme Babcock University 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the country's central bank sets a monetary policy target of 2% inflation, what is the maximum amount of money that the central bank can print per year without cau\sing inflation to exceed the target?

Answer Options

A. ₦100 billion.
Correct Answer B. ₦200 billion.
C. ₦500 billion.
D. ₦1 trillion.
Correct Answer
B
Correct Option:
₦200 billion.

About This Question

This is Post Utme Babcock University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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