Post Utme Wellspring University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A central bank uses the money multiplier to determine the money supply in an economy. If the money multiplier is 10 and the reserve requirement is 20%, what is the money supply?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦300,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Wellspring University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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