Post Utme Skyline University 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A central bank's monetary policy is given by the equation M = rB. If the central bank's reserve requirement is 20% and the central bank's money supply is ₦10000, what is the central bank's discount rate?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Skyline University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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