Post Utme Ims U 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A central bank has a monetary policy rule: i = 2 + 0.5\( P - 2 \). If the inflation rate is 3, what is the nominal interest rate?

Answer Options

A. 4
Correct Answer B. 5
C. 6
D. 7
Correct Answer
B
Correct Option:
5

About This Question

This is Post Utme Ims U 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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