Post Utme Unilag 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

A country's money supply is given by the equation M = k * Y, where k is the money multiplier and Y is the country's GDP. If the country's money multiplier is 0.5 and its GDP is 1000, what is the country's money supply?

Answer Options

Correct Answer A. ₦500
B. ₦600
C. ₦700
D. ₦800
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Unilag 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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