Post Utme Futa 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_FUTA • 2017 • ECONOMICS • objective

A bank's money supply is given by M = 1000 + 2Y, where Y is the country's GDP. If the country's GDP is 5000, find the bank's money supply.

Answer Options

A. ₦6000
B. ₦7000
Correct Answer C. ₦8000
D. ₦9000
Correct Answer
C
Correct Option:
₦8000

About This Question

This is Post Utme Futa 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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