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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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341
By terms of trade, we mean the?
  • A. ratio of exports and imports
  • B. differences between exports and imports
  • C. differences between current account and capital account
  • D. index of export prices to import prices expressed as a percentage
  • E. ratio of short-term capital movements to long-term capital movements
View Answer & Discuss (9) JAMB 1985
342
The argument of tariff protection in less developed economies is that such a measure would
  • A. raise the price of goods affected abroad
  • B. make consumers pay a higher price for the domestically produced output
  • C. protect young industries from ruinous competition from abroad
  • D. help reduced excess capacity in domestic industries
  • E. stifle private investment intiatives
View Answer & Discuss (2) JAMB 1985
343
Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?
  • A. it would allowed for more money to be spent on luxuries
  • B. the interest rate on the loan will increase
  • C. it would decrease the demand for Nigeria's exports
  • D. it would worsen Nigeria foreign exchange situation
  • E. Nigerias oil would sell less in the world market
View Answer & Discuss JAMB 1985
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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344
Foreign exchange control in Nigeria is administered by the?
  • A. United Bank for Africa
  • B. Union Bank of Nigeria
  • C. First Bank Of Nigeria
  • D. Central Bank of Nigeria
  • E. Natonal Bank of Nigeria
View Answer & Discuss JAMB 1985
345

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

  • A. 14 days
  • B. 30 days
  • C. 60 days
  • D. 90 days
  • E. 100 days
View Answer & Discuss (2) JAMB 1985
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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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