Post Utme Christopher University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

The money supply (M) in an economy is given by the equation M = 100 + 2Y, where Y is the income. If the income is ₦500 billion, find the money supply.

Answer Options

A. ₦600 billion
Correct Answer B. ₦700 billion
C. ₦800 billion
D. ₦900 billion
Correct Answer
B
Correct Option:
₦700 billion

About This Question

This is Post Utme Christopher University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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