Post Utme Christopher University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has set a monetary policy target of 10% inflation rate. If the current inflation rate is 8%, and the CBN expects the inflation rate to increase by 2% in the next quarter, what is the expected inflation rate in the next quarter?

Answer Options

A. 10%
Correct Answer B. 12%
C. 14%
D. 16%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Christopher University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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