Post Utme Madonna University 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 17 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

The Central Bank of Nigeria (CBN) has a monetary policy of increa\sing the money supply by 10% per annum. If the current money supply is ₦100 billion, what will be the money supply after 5 years?

Answer Options

A. ₦163.93 billion
B. ₦181.91 billion
Correct Answer C. ₦199.89 billion
D. ₦217.87 billion
Correct Answer
C
Correct Option:
₦199.89 billion

About This Question

This is Post Utme Madonna University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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