Post Utme Futa 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Futa Economics examination.

Post Utme Futa 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2023 • ECONOMICS • objective

The central bank of Nigeria uses monetary policy to control inflation. The monetary policy function is given by M = 100 - 2P, where M is the money supply and P is the price level. If the price level is 10, find the money supply.

Answer Options

Correct Answer A. ₦90
B. ₦80
C. ₦70
D. ₦60
Correct Answer
A
Correct Option:
₦90

About This Question

This is Post Utme Futa 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.

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