Post Utme Ims U 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

The government of a country has decided to implement a new policy to reduce inflation. The policy involves a 5% reduction in the money supply. If the current money supply is ₦100 billion, what will be the new money supply?

Answer Options

A. ₦95 billion
B. ₦90 billion
C. ₦85 billion
Correct Answer D. ₦80 billion
Correct Answer
D
Correct Option:
₦80 billion

About This Question

This is Post Utme Ims U 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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