Post Utme Futa 2019 Economics Question 15
Practice objective / multiple choice question 15 from the 2019 Post Utme Futa Economics examination.
A country's inflation rate is given by the equation \pi = \frac{M}{V}, where \pi is the inflation rate, M is the money supply and V is the velocity of money. If the country's inflation rate is 10%, money supply is 100 and velocity of money is 10, what is the value of the money supply?
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About This Question
This is Post Utme Futa 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.
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