Post Utme Noun 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce inflation. If the current inflation rate is 5% and the central bank wants to reduce it to 3% within a year, what is the required rate of interest?

Answer Options

A. 5%
Correct Answer B. 6%
C. 7%
D. 8%
Correct Answer
B
Correct Option:
6%

About This Question

This is Post Utme Noun 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

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