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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
476
Localization of industries refers to the?
  • A. tendency to concentrate industries in particular areas
  • B. sitting of industries in certain areas
  • C. deliberate policy of influencing location of industries generally
  • D. zoning of industries
View Answer & Discuss JAMB 1988
477
Restriction on credit creation by commercial banks can be effected through?
  • A. an overdraft
  • B. loans and advances
  • C. demand deposits
  • D. liquidity ratio
View Answer & Discuss JAMB 1988
478
Which of the following factors enhances the ability of commercial banks to create money?
  • A. Reduction in the reserve ratio
  • B. Leakage of cash out of banking system
  • C. excess of reserves
  • D. Insistence on collateral security
View Answer & Discuss JAMB 1988
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479
In any economy, what is used as money is determined by?
  • A. government acceptance commodity standard
  • B. government acceptance of an inconvertible paper standard
  • C. laws and customs
  • D. its use as a store of value
View Answer & Discuss (1) JAMB 1988
480
The rate at which money changes hands is known as the?
  • A. rate of inflation
  • B. velocity of transactions
  • C. velocity of money
  • D. velocity of circulation
View Answer & Discuss (6) JAMB 1988
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