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Economics 2000 JAMB Past Questions

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31
An increase in money supply, other things being equal, will?
  • A. lower interest rates
  • B. reduce income
  • C. ensure trade balance
  • D. increase money demand
View Answer & Discuss (5) JAMB 2000
32
A persistent rise in the general level of prices implies?
  • A. an increase in some prices
  • B. a one-time rise in prices
  • C. a steady fall in the purchasing power of money
  • D. that the higher the price level, the more the value of money
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33
Two principal ways by which banks can lend money to their customers are through?
  • A. loans and overdrafts
  • B. loans and discounting bills
  • C. overdrafts and cheques
  • D. overdraft and treasury bills
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34
A capital market differs from the money market in that in the former?
  • A. loan sought is short term
  • B. loan reayment is guaranteed
  • C. loan sought is long term
  • D. the percentage of interest chargedis more
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35
An aspect of taxation that involves normative economics is the?
  • A. ]tax rate
  • B. effect on incentive to work
  • C. fairness of the tax
  • D. tax burden
View Answer & Discuss (5) JAMB 2000
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