Post Utme Esut 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_ESUT • 2021 • ECONOMICS • objective

The government of a country is considering a policy to reduce inflation. The policy involves reducing the money supply by 10%. If the initial money supply is ₦100 billion, what is the new money supply?

Answer Options

Correct Answer A. ₦90 billion
B. ₦95 billion
C. ₦100 billion
D. ₦105 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Esut 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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