Post Utme Ksu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2020 • ECONOMICS • objective

The money supply in an economy is given by M = 1000 + 2Y, where M is the money supply and Y is the national income. If the national income is ₦100 billion, find the money supply.

Answer Options

A. ₦200 billion
Correct Answer B. ₦300 billion
C. ₦400 billion
D. ₦500 billion
Correct Answer
B
Correct Option:
₦300 billion

About This Question

This is Post Utme Ksu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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