Post Utme Wellspring University 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 2Y, where M is the money supply and Y is the national income. If the national income is ₦10,000, what is the money supply?

Answer Options

A. ₦12,000
Correct Answer B. ₦14,000
C. ₦16,000
D. ₦18,000
Correct Answer
B
Correct Option:
₦14,000

About This Question

This is Post Utme Wellspring University 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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