Post Utme Noun 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A country has a money supply of ₦1,000 billion and a velocity of circulation of 2. If the central bank wants to increase the money supply by 10%, what is the new money supply?

Answer Options

A. ₦1,100 billion
B. ₦1,050 billion
Correct Answer C. ₦1,200 billion
D. ₦1,300 billion
Correct Answer
C
Correct Option:
₦1,200 billion

About This Question

This is Post Utme Noun 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Noun 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