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Economics 1982 JAMB Past Questions

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41
Demand for money for speculative purposes means?
  • A. buying goods and services whose prices have risen
  • B. keeping money for unforseen expenditure
  • C. buying financial assets because of possible gains
  • D. buying real estate
  • E. keeping money for a rainy day
View Answer & Discuss (1) JAMB 1982
42
If the Central Bank intends to increase the money supply through open market operations then it will
  • A. sell securities in the open market
  • B. buy securities in the open market
  • C. issues more currency note
  • D. withdraw money supply from the market
  • E. print more demand deposit
View Answer & Discuss (3) JAMB 1982
43
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
  • A. tariffs
  • B. quotas
  • C. exchnge control
  • D. devaluation
  • E. revaluation
View Answer & Discuss (2) JAMB 1982
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44
Balance of payments of a country explains the overall position of?
  • A. current account of the balance of payments
  • B. capital account in the balance of payments
  • C. both the current and capital acounts
  • D. position of the balance of trade
  • E. visible and invisible trade
View Answer & Discuss (3) JAMB 1982
45
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
  • A. Price stabilization
  • B. Efficient marketing of agriculture crops
  • C. Provision of funds for building access roads
  • D. Development of the agricultural industry
  • E. Establishment of agro-allied industries
View Answer & Discuss JAMB 1982
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