Post Utme Igbinedion University 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

A country's money supply increases by 10% due to an expansionary monetary policy. If the velocity of money is 2.5, and the initial money supply is ₦100 billion, what is the new money supply?

Answer Options

A. ₦110 billion
B. ₦105 billion
Correct Answer C. ₦120 billion
D. ₦125 billion
Correct Answer
C
Correct Option:
₦120 billion

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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