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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
2521

A measure of national income used as comparison of standard of living among nations is

  • A. net national product
  • B. gross domestic product
  • C. gross national product
  • D. per capita income
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2522

The speculative demand for money is inversely related to the

  • A. interest rate
  • B. level of income
  • C. exchange rate
  • D. inflation rate
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2523

If Mr .K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be

  • A. transactionary
  • B. speculative
  • C. precautionary and speculative
  • D. transactional and speculative
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
2524

Which of the following is used by the Central Bank of Nigeria to control inflation?

  • A. Tariff on imports
  • B. Tax rate
  • C. Exchange rate
  • D. Discount rate
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2525

If CBN reduces money supply, the interest rate will

  • A. fluctuate
  • B. rise
  • C. fall
  • D. remain unchanged
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