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81
which of the financial institutions cannot direct tax loans to individuals?
A.
The agricultural bank
B.
The Industrial bank
C.
The central bank
D.
The Co-operative bank
E.
The Standard bank
View Answer & Discuss (2)
JAMB 1979
82
An ad valorem tax means
A.
total amount of an income tax
B.
a certain percentage on the value of a commodity
C.
a certain percentage tax on the volume of commodity
D.
a tax on capital gain
E.
a profit tax
View Answer & Discuss (3)
JAMB 1979
83
The foreign exchange rate of a country is
A.
the interest rate fixed by the central bank
B.
the price of one national currency in terms of another
C.
the rate at which the central bank issues money
D.
the rate of interest on government bonds
E.
None of the above
View Answer & Discuss (1)
JAMB 1979
84
The 'terms of trade' means
A.
the trade agreement between two countries
B.
the difference in the volumes of exports of two countries
C.
the value of a unit of export in relation to the value of a unit of import
D.
the production of total value of exports to the value of total trade
E.
None of the above
View Answer & Discuss (4)
JAMB 1979
85
Which is the most liquid of the following financial assets held by an individual?
A.
Outstanding balance on the current account of a commercial bank
B.
A credit balance on a savings account
C.
A crossed postal order
D.
An insurance policy
E.
All of the above
View Answer & Discuss (3)
JAMB 1979
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