Post Utme Unilorin 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5Y, where M is the money supply and Y is the income. If the income is ₦10,000, what is the money supply?

Answer Options

A. ₦5,000
B. ₦5,500
Correct Answer C. ₦6,000
D. ₦6,500
Correct Answer
C
Correct Option:
₦6,000

About This Question

This is Post Utme Unilorin 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

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