Post Utme Madonna University 2023 Economics Question 20

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

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A central bank has a money supply of ₦500 billion. If the bank increases the money supply by 10%, what is the new money supply?

Answer Options

A. ₦550 billion
B. ₦600 billion
Correct Answer C. ₦650 billion
D. ₦700 billion
Correct Answer
C
Correct Option:
₦650 billion

About This Question

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

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