Post Utme Rhema University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y. If the country's income is Y = 10000, what is the money supply?

Answer Options

A. ₦15000
Correct Answer B. ₦20000
C. ₦25000
D. ₦30000
Correct Answer
B
Correct Option:
₦20000

About This Question

This is Post Utme Rhema University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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