Post Utme Wellspring University 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 1 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

Consider a country with a fixed money supply of ₦10 billion. If the central bank decides to increase the money supply by 20%, what will be the new money supply in billions of naira?

Answer Options

Correct Answer A. ₦12 billion
B. ₦11 billion
C. ₦10.5 billion
D. ₦9.5 billion
Correct Answer
A
Correct Option:
₦12 billion

About This Question

This is Post Utme Wellspring University 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support