Post Utme Redeemers University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's money supply (M) is ₦500 billion, and the velocity of money (V) is 2. If the country's GDP is ₦1 trillion, what is the price level?

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 5
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Redeemers University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

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