Post Utme Crawford University 2024 Economics Question 17

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

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

A central bank wants to reduce inflation by increa\sing the interest rate. If the initial interest rate is 5% and the inflation rate is 8%, what is the new interest rate if the central bank increases it by 2%?

Answer Options

Correct Answer A. 7%
B. 9%
C. 11%
D. 13%
Correct Answer
A
Correct Option:
7%

About This Question

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

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