Economics Past Questions

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601

A disadvantage of a joint-stock company is?

View Answer & Discuss (1) JAMB 1991

602

A characteristic of a debenture is that?

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603

Industries tend to be located closer to market centers than to the sources of major raw materials if the?

A. products are relatively cheap to transport to market centers
B. products are relatively more expensive to transport than the major raw materials
C. raw marterials are bulky
D. raw marterials can also be imported

View Answer & Discuss JAMB 1991

604

One disadvantage of trade by barter is that?

A. people are happier when they exchange the same quantities of goods through the medium of money rather than by barter
B. the person wishing to buy good X may not have good Y which is what the other wants
C. one person must always be cheated when trade takes place by barter
D. it increases the intial cost of producing goods

View Answer & Discuss JAMB 1991

605

One of the functions of Development Banks is to

A. mint money for the development of the economy
B. provide short-term loans to commercial banks
C. provide medium and long-term finance for the development of the banking system
D. provide medium and long-term finance for the development of the economy

View Answer & Discuss JAMB 1991

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