Post Utme Coal City University 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2020 Economics Objective / Multiple Choice
Question 36 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

The central bank of a country has a monetary policy of increa\sing the money supply by 10% per annum. If the initial money supply is ₦100 billion, find the money supply after 5 years.

Answer Options

A. ₦163.93 billion
B. ₦164.93 billion
Correct Answer C. ₦165.93 billion
D. ₦166.93 billion
Correct Answer
C
Correct Option:
₦165.93 billion

About This Question

This is Post Utme Coal City University 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.

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