Post Utme Skyline University 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ECONOMICS • objective

A country's inflation rate is given by the equation I = \( M2 - M1 \) / M1, where M1 and M2 are the money supplies. If the money supply M1 is ₦100 billion and the money supply M2 is ₦120 billion, find the inflation rate.

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Skyline University 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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