Post Utme Veritas University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's inflation rate is given by the equation I = 2M + 10, where I is the inflation rate and M is the money supply. If the money supply is ₦1,000,000, what is the inflation rate?

Answer Options

A. 2%
Correct Answer B. 4%
C. 6%
D. 8%
Correct Answer
B
Correct Option:
4%

About This Question

This is Post Utme Veritas University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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