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Economics 2002 JAMB Past Questions

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11
In Nigeria, the bank that can correctly be described as a unit bank is?
  • A. the Central Bank
  • B. people's bank
  • C. mortgage bank
  • D. community bank
View Answer & Discuss (3) JAMB 2002
12

If a country's GNP in the current year is N65 billion, and the GNP in the base year is N50 billion, the GNP deflator is?

  • A. 130.0
  • B. 30.0
  • C. 15.0
  • D. 1.3
View Answer & Discuss (2) JAMB 2002
13
Insurance companies invest mainly in instruments trade on the?
  • A. capital market
  • B. Money market
  • C. commodity market
  • D. open market
View Answer & Discuss JAMB 2002
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14

Liquidity preference refers to the?

  • A. needs to borrow money for short periods to meet some temporary crises
  • B. wish to hold more funds for precautionary purpose
  • C. need to increase the money supply in order to lower the interest rate
  • D. demand to hold money as assets rather than as stocks
View Answer & Discuss (5) JAMB 2002
15
Creeping inflation implies that there is a?
  • A. gentle and persistent increase in the general price level
  • B. rapid and persistent increase in the general price level
  • C. gentle but not permanent increase in the general price level
  • D. rapid but not permanent increase in the general price level
View Answer & Discuss JAMB 2002
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