Post Utme Lasu 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2024 • ECONOMICS • objective

A country's money supply is given by the equation M = kY, where k is the money multiplier and Y is the national income. If the money multiplier is 0.5 and the national income is ₦100 billion, calculate the money supply.

Answer Options

Correct Answer A. ₦50 billion
B. ₦100 billion
C. ₦150 billion
D. ₦200 billion
Correct Answer
A
Correct Option:
₦50 billion

About This Question

This is Post Utme Lasu 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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