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Economics 1990 JAMB Past Questions

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26
The basic purpose of imposing legal reserve requirements on commercial bank is to?
  • A. assure the profitability of commercial banks
  • B. provide a device through which credit creation by banks can be controlled
  • C. provide a proper ratio between earning and non-earning bank assets
  • D. provide the Central Bank with working capital
View Answer & Discuss JAMB 1990
27
Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%
  • A. 700.00
  • B. 600.00
  • C. 500.00
  • D. 400.00
View Answer & Discuss (5) JAMB 1990
28
Which of the following is a liability of a commercial bank?
  • A. Deposits in bank
  • B. loans made by the bank to individuals
  • C. loans made by the bank to other banks
  • D. Bonds purchased by the bank
View Answer & Discuss JAMB 1990
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29
A tax on a commodity whose supply is perfectly inelastic is?
  • A. shifted completely on the consumer
  • B. completely borne by the supplier
  • C. dividend in the ratio 60;40 between the consumer and the supplier
  • D. divided half-and-half between the producer and the consumer
View Answer & Discuss (6) JAMB 1990
30
Under a system of freely floating exchange rates an increase in the international value of a country's currency will cause?
  • A. its exports to rise
  • B. its imports to rise
  • C. gold to flow into that country
  • D. its currency to be in surplus
View Answer & Discuss (3) JAMB 1990
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