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Economics 1997 JAMB 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
26
The main problem of the Organization of Petroleum Exporting Countries is how to?
  • A. prevent members from violating their quota
  • B. enhance the quality of petroleum product
  • C. compete with the North Sea producers
  • D. ensure viable crude reserves
View Answer & Discuss JAMB 1997
27
The most important attribute of money is?
  • A. homogeneity
  • B. relative scarcity
  • C. divisibility
  • D. general acceptability
View Answer & Discuss (1) JAMB 1997
28
Which of the following is inflationary?
  • A. An increase in taxation
  • B. An increase in savings
  • C. A decrease in money supply
  • D. An increase in government expenditure
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29
In commercial banking, an account from which the customer cannot withdraw money instantly is a?
  • A. demand deposit account
  • B. time deposit account
  • C. special deposit account
  • D. savings deposit account
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30
Banks can create more money by?
  • A. increasing its cash ratio with the Central Bank
  • B. issuing more banks cheques
  • C. accepting more deposits from customers
  • D. lending out money from customers deposits
View Answer & Discuss JAMB 1997
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