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Economics 2003 JAMB Past Questions

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16
The distinguishing characteristic between the money market and the capital market lies in whether the
  • A. securities are primary or secondary
  • B. debt instruments provided are long-term or short-term
  • C. funds mobilized are private or public
  • D. securities are in debentures or ordinary shares
View Answer & Discuss JAMB 2003
17
For a firm, value added can be defined as the difference between the
  • A. input prices and product prices
  • B. value of its output and inputs purchased from other firms
  • C. value of its output and the cost of production
  • D. total revenue and total cost
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18
Insurance companies, pension and provident funds and unit trusts are all examples of
  • A. rural-based revenue mobilizers
  • B. non-governmental organisations
  • C. government financial agencies
  • D. non-bank financial institutions
View Answer & Discuss (1) JAMB 2003
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19
Inflation that is usually associated with periods of trade boom is
  • A. creeping inflation
  • B. cost-push inflation
  • C. stagflation
  • D. demand-pull inflation
View Answer & Discuss (1) JAMB 2003
20
The monetary control instrument most effectively used by the Central Bank of Nigeria is the
  • A. open market operations
  • B. margin requirment
  • C. reserve ratio
  • D. discount rate
View Answer & Discuss JAMB 2003
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