Post Utme Madonna University 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_MADONNA_UNIVERSITY • 2021 • ECONOMICS • objective

A government wants to finance a project by issuing bonds. If the government wants to raise ₦50 billion and the interest rate is 10%, what is the number of bonds that need to be issued?

Answer Options

A. 500 bonds
B. 1000 bonds
Correct Answer C. 2000 bonds
D. 5000 bonds
Correct Answer
C
Correct Option:
2000 bonds

About This Question

This is Post Utme Madonna University 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.

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