Post Utme Covenant University 2017 Economics Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 1 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a country with a fixed money supply of ₦10 billion. If the central bank decides to increase the money supply by 20%, what will be the new money supply?

Answer Options

A. ₦12 billion
B. ₦11 billion
Correct Answer C. ₦10.2 billion
D. ₦9.8 billion
Correct Answer
C
Correct Option:
₦10.2 billion

About This Question

This is Post Utme Covenant University 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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