Post Utme Uniport 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A country's demand for foreign exchange is given by the equation MD = 100 + 2Y, where MD is demand for foreign exchange and Y is income. If the country's income is 500, what is the demand for foreign exchange?

Answer Options

A. 200
B. 300
Correct Answer C. 400
D. 500
Correct Answer
C
Correct Option:
400

About This Question

This is Post Utme Uniport 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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