Post Utme Unn 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2022 • ECONOMICS • objective

A central bank uses the following monetary policy tool: \( Delta M = \frac{1}{r} \times Delta i \). If the interest rate is 5% and the reserve requirement is 10%, what is the change in money supply?

Answer Options

A. ₦100 million
Correct Answer B. ₦500 million
C. ₦1 billion
D. ₦5 billion
Correct Answer
B
Correct Option:
₦500 million

About This Question

This is Post Utme Unn 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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