Post Utme Osustech 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A central bank uses the money multiplier to increase the money supply in an economy. If the money multiplier is 4 and the central bank injects $100 million into the economy, what is the total increase in the money supply?

Answer Options

Correct Answer A. $400 million
B. $500 million
C. $600 million
D. $700 million
Correct Answer
A
Correct Option:
$400 million

About This Question

This is Post Utme Osustech 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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