Post Utme Lautech 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y, where M is money supply and Y is income. If the country's income is ₦100,000, what is its money supply?

Answer Options

A. ₦50,000
B. ₦55,000
Correct Answer C. ₦60,000
D. ₦65,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Lautech 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support