Post Utme Futo 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Futo Economics examination.

Post Utme Futo 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2023 • ECONOMICS • objective

Consider a monetary policy where the central bank increases the money supply by 10%. If the initial money supply is ₦1 trillion and the velocity of money is 2, what is the new money supply?

Answer Options

A. ₦1.1 trillion
Correct Answer B. ₦1.2 trillion
C. ₦1.3 trillion
D. ₦1.4 trillion
Correct Answer
B
Correct Option:
₦1.2 trillion

About This Question

This is Post Utme Futo 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Futo Economics examination.

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