Post Utme Wellspring University 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ECONOMICS • objective

The money market equilibrium is given by the equation M = kPY. If the money supply is ₦1000, the price level is ₦5, and the income is ₦2000, what is the value of k?

Answer Options

Correct Answer A. 0.25
B. 0.5
C. 0.75
D. 1
Correct Answer
A
Correct Option:
0.25

About This Question

This is Post Utme Wellspring University 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.

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