Post Utme Coal City University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has implemented a monetary policy aimed at reducing inflation. The policy involves a reduction in the money supply by 10%. If the initial money supply was ₦100 billion, what is the new money supply?

Answer Options

Correct Answer A. ₦90 billion
B. ₦80 billion
C. ₦70 billion
D. ₦60 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Coal City University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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