Post Utme Bsu 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_BSU • 2020 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5Y, where M is the money supply and Y is the income. If the income is $100,000, what is the money supply?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Bsu 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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