Post Utme Veritas University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

The central bank of Nigeria uses a monetary policy instrument to control the money supply in the economy. The instrument is given by the equation M = 1000B, where M is the money supply and B is the bank reserves. If the bank reserves are ₦1000, find the money supply.

Answer Options

Correct Answer A. ₦1000000
B. ₦2000000
C. ₦3000000
D. ₦4000000
Correct Answer
A
Correct Option:
₦1000000

About This Question

This is Post Utme Veritas University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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