Post Utme Bells University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

A government is considering a policy to reduce inflation. If the current inflation rate is 5% and the government wants to reduce it to 2% within 2 years, what is the required annual rate of reduction?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Bells University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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