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Economics 1999 JAMB Past Questions

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31
The relationship between the value of money and the price level is?
  • A. direct
  • B. unpredictable
  • C. diverse
  • D. inverse
View Answer & Discuss JAMB 1999
32
People hold money for?
  • A. charity
  • B. safe keeping
  • C. profit making
  • D. speculative purposes
View Answer & Discuss JAMB 1999
33
Bills of exchange originates from a?
  • A. central bank
  • B. commercial bank
  • C. community bank
  • D. development bank
View Answer & Discuss JAMB 1999
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34

If high unemployment goes hand in hand with rising prices, the situation created is?

  • A. hyperinflation
  • B. stagflation
  • C. moderate inflation
  • D. galloping inflation
View Answer & Discuss (2) JAMB 1999
35
One of the functions money is that, it helps?
  • A. detect frauds in matters of exchange
  • B. postponed payments without loss of count
  • C. store information about the valuation of an item
  • D. record information about the valuation of an item
View Answer & Discuss (4) JAMB 1999
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