Post Utme Pan Atlantic University 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

A country's money supply is increa\sing at a rate of 10% per annum, while its velocity of money is decrea\sing at a rate of 5% per annum. What is the expected rate of inflation?

Answer Options

A. The expected rate of inflation is 5% per annum.
Correct Answer B. The expected rate of inflation is 10% per annum.
C. The expected rate of inflation is 15% per annum.
D. The expected rate of inflation is 20% per annum.
Correct Answer
B
Correct Option:
The expected rate of inflation is 10% per annum.

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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