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Economics 2009 JAMB Past Questions

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21

Double counting is a problem in computing national income when using the

  • A. expenditure method
  • B. income method
  • C. output method
  • D. value-added method
View Answer & Discuss (6) JAMB 2009
22

In the circular flow of income, an increase in savings causes

  • A. an increase in imports
  • B. a decrease in the income stream
  • C. an increase in household consumption
  • D. a decrease in exports
View Answer & Discuss JAMB 2009
23
The ability of commercial banks to create money depends on the
  • A. reserve ratio
  • B. liquidity ratio
  • C. interest rate
  • D. capital base
View Answer & Discuss JAMB 2009
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24
The reform in the banking sector in Nigeria is principally motivated by the need to
  • A. increase the capital base of banks
  • B. provide more money to run the economy
  • C. minimize the rate of bank failures
  • D. enhance efficiency in bank operations
View Answer & Discuss (1) JAMB 2009
25
A manufacturer who wants to build a new plant will source funds from the
  • A. commercial banks
  • B. money market
  • C. capital market
  • D. government
View Answer & Discuss (3) JAMB 2009
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