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Economics 1989 JAMB Past Questions

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26
A major factor affecting the value of money is the?
  • A. price level
  • B. banking habit
  • C. transaction motive
  • D. divisible nature of money
View Answer & Discuss JAMB 1989
27
Cost-push inflation is caused by?
  • A. growth of government expenditure
  • B. increase in factor prices
  • C. increase in money supply
  • D. hoarding
View Answer & Discuss JAMB 1989
28
The stock exchange market is where?
  • A. businessmen borrow some capital
  • B. the federal government trades on treasury bills
  • C. existing bonds and stocks are traded
  • D. new stocks and shares are bought or sold
View Answer & Discuss JAMB 1989
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29
Commercial bank reserves at the Central Bank have the effect of?
  • A. controlling credit and money supply
  • B. discouraging banking operations
  • C. advancing trade prospects
  • D. reducing bank frauds
View Answer & Discuss JAMB 1989
30
A tax is defined as regressive if?
  • A. the proportion of income paid as tax increase as the income level increases
  • B. all income group pay the same percentage of their income as tax
  • C. the proportion if income taen by the tax falls as income increases
  • D. the proportion of income taken by the tax is a fixed nominal amount of income for all income groups
View Answer & Discuss (2) JAMB 1989
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