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Economics 1988 JAMB Past Questions

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26
Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?
  • A. stockholders
  • B. sleeping partners
  • C. part-time investors
  • D. ordinary partners
View Answer & Discuss (1) JAMB 1988
27
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
28
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
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29
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
30
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
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