Post Utme Unn 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Unn Economics examination.

Post Utme Unn 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2017 • ECONOMICS • objective

A country is experiencing an inflation rate of 5% per annum. If the country's central bank wants to reduce the inflation rate to 3% per annum, what should be the target interest rate?

Answer Options

A. 5%
B. 6%
Correct Answer C. 7%
D. 8%
Correct Answer
C
Correct Option:
7%

About This Question

This is Post Utme Unn 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.

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