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Economics Past Questions

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2571

The minimum amount which banks are required to deposit with the central bank is determined by the

  • A. liquidity ratio
  • B. cash reserve ratio
  • C. minimum lending rate
  • D. aggregate credit ceiling
View Answer & Discuss (9) JAMB 2012
2572

The major function of money market is to

  • A. provide funds for long-term financing
  • B. provide funds short-term financing
  • C. stabilize the value of the local currency
  • D. stabilize domestic prices
View Answer & Discuss (4) JAMB 2012
2573

An ad valorem tax is imposed on

  • A. special commodities
  • B. exports
  • C. imports
  • D. the value of a commodity
View Answer & Discuss (3) JAMB 2012
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2574
A huge national debt is an indication that the gold reserves of a nation has
  • A. appreciated
  • B. decreased
  • C. depreciated
  • D. stagnated
View Answer & Discuss (6) JAMB 2012
2575
Rapid economic development in Nigeria is realizable by
  • A. continuous dependence on oil
  • B. concentrating more on agriculture
  • C. developing the tourism industry
  • D. diversifying the economy
View Answer & Discuss (5) JAMB 2012
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