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786
One method through which the Central Bank can restrict the commercial banks' power of credit expansion is to?
  • A. demand for increased special deposit
  • B. decrease the cash ratio
  • C. buy securities in the open market
  • D. reduce the rate of interests at which banks borrow from it
View Answer & Discuss JAMB 1995
787
Which of the following is the cheapest for the government in improving the welfare of its citizens?
  • A. Subsidy
  • B. Income supplement
  • C. Donation to specific projects
  • D. Wages increase
View Answer & Discuss (1) JAMB 1995
788
Which of the following is mostly used to determine the cost of living?
  • A. Marginal changes in prices
  • B. Consumer price index
  • C. Prices of imported and exported commodities
  • D. producer price index
View Answer & Discuss (1) JAMB 1995
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789
Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?
  • A. increase by N1,000
  • B. decrease by N 7,000
  • C. increase by N7,000
  • D. increase by N 13,000
View Answer & Discuss (1) JAMB 1995
790
An increasing population might be of economic benefit to a country if?
  • A. the female population is greater than the male population
  • B. the dependency ratio is increasing as the total population increases
  • C. a continuosly higher proportion falls into working class category
  • D. the rural and urban proportion ae balanced
View Answer & Discuss JAMB 1995
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