Post Utme Covenant University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A country has a money supply of ₦500 billion and a velocity of circulation of 2. If the central bank increases the money supply by 10%, what will be the new money supply?

Answer Options

Correct Answer A. ₦550 billion
B. ₦500 billion
C. ₦450 billion
D. ₦400 billion
Correct Answer
A
Correct Option:
₦550 billion

About This Question

This is Post Utme Covenant University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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