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606
To perform its function as a store of wealth and standard for deferred payment, money must be
  • A. portable
  • B. in attractive form
  • C. stable in value
  • D. spent more on capital goods than on consumer goods
View Answer & Discuss JAMB 1991
607
Fiduciary issue is that part of?
  • A. the issue of notes backed entirely by gold
  • B. a country's currency which is not negotiable
  • C. the issue of notes not backed by gold
  • D. a country's currency officially issued
View Answer & Discuss JAMB 1991
608
An effect of inflation is that it?
  • A. discourages trade by barter
  • B. favours debtors at the expense of creditors
  • C. increases the real income of salary earners
  • D. increases the value of a country's exports
View Answer & Discuss JAMB 1991
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
609
Banks aid economic expansion and development by?
  • A. being very strict in lending policies
  • B. mobilizing savings for investment lending
  • C. paying interest on deposit accounts
  • D. charging high interest on loans
View Answer & Discuss (2) JAMB 1991
610
The term 'Stock of Capital 'means?
  • A. amount of money necessary to start a business
  • B. total amount receivable by all factors of production
  • C. amount of equipment plant and inventory existing at a time
  • D. total amount available for economic development
View Answer & Discuss JAMB 1991
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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