Post Utme Veritas University 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5B, where M is the money supply and B is the bank reserves. If the bank reserves are ₦500,000, what is the money supply?

Answer Options

Correct Answer A. ₦1,250,000
B. ₦1,300,000
C. ₦1,350,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,250,000

About This Question

This is Post Utme Veritas University 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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