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876
The balance of visible trade is the difference between the values of?`
  • A. imported and exported goods
  • B. imported and exported services
  • C. current account and capital account
  • D. exchange rate of local and foreign currencies
View Answer & Discuss JAMB 1998
877
If a country has a balance of payments surplus on current account, this means that?
  • A. total invisible export is greater than invisible import
  • B. the value of goods exported must be greater than the value of goods imported
  • C. there must be a positive balance of capital account
  • D. the aggregate of the balance of trade and the invisible balance must be positive
View Answer & Discuss (1) JAMB 1998
878
If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?
  • A. a rise in the external value of its currency
  • B. a fall in the external value of its currency
  • C. an increase in the volume of imports
  • D. the consumption of more foreign goods
View Answer & Discuss JAMB 1998
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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879

The Economic Commission for Africa was set up by the?

  • A. UNO
  • B. ECOWAS
  • C. OAU
  • D. IMF
View Answer & Discuss (1) JAMB 1998
880

In a firm, three employees earns N5,500 each, four earn N3,300 each, two earns N5,000 each and one earn N7,000. The mean income of the employees is?

  • A. N5,200
  • B. N 4,760
  • C. N4,670
  • D. N2,080
View Answer & Discuss (16) JAMB 1999
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts