Post Utme Coal City University 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has set an inflation target of 6% for the next year. If the current inflation rate is 8%, what is the required reduction in the money supply?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Coal City University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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