Post Utme Uniport 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Uniport Economics examination.

Post Utme Uniport 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNIPORT • 2022 • ECONOMICS • objective

A central bank is considering a monetary policy to reduce inflation. If the current inflation rate is 8% and the target inflation rate is 4%, what is the required decrease in the money supply?

Answer Options

A. ₦100 billion
Correct Answer B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Uniport 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Uniport Economics examination.

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