Economics Past Questions

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296

The most important characteristic of money is?

A. portability
B. intrisic value
C. acceptability
D. usefulness
E. beauty

View Answer & Discuss (2) JAMB 1984

297

The Central Bank instrument of control does NOT include

A. open market operation
B. moral sanctions
C. reverse requirements
D. selective credit control
E. printing bank-notes

View Answer & Discuss (7) JAMB 1984

298

Cost push inflation takes place due to?

A. the rapid increase in the demand for goods
B. an increase in productivity of the factors of production
C. a rise in the cost of production
D. a rise in the standard of living
E. the low wage rate of the workers

View Answer & Discuss (1) JAMB 1984

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299

Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid form instead of in some form of investment. the motive which relates to making provision for the ‘rainy day’ is known as?

A. speculative motive
B. precautionary motive
C. transactions motive
D. investment motives
E. rainy day motive

View Answer & Discuss (2) JAMB 1984

300

Generally, property taxes?

A. are borne entirely by landlords
B. cannot be shifted in the long run
C. are borne by all (renter, owner occupiers and landlords)
D. are borne only by renters
E. are borne by a few industrialist

View Answer & Discuss JAMB 1984

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