An upward movement along the same supply curve result in_____________

an increase in quantity supplied

a decrease In quantity supplied

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

Volume of trade between countries

direction of international trade

The study of Economics becomes necessary because of the______________

Large population size of the world

Opportunity cost of goods and services

Need to satisfy every desire of man

JAMB UTME - Economics - 2018 | Green Bridge CBT

Question 1 Report

The minimum number of share holders for joint stock companies is_______________

4

2

7

3

Business Organizations

View Answer

Question 2 Report

In a developing economy, productivity is measured by the____________

output - labour ratio

capital - output ratio

output growth rate

Output per capital

The Theory Of Supply

The Theory Of Production

View Answer

Question 3 Report

Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture

1:2

3:2

2:1

2:3

Answer Details

Total budget = N100,000,000

Portion of pie chart covered in degree = 360

Expenditure on manufacturing = x/N100,000,000 × 3600 = 360

3600x = 360 × N100,000,000

x = 360×N100,000,000/3600

x=N10,000,000

Therefore, the budget allocated to Manufacturing is N10,000,000

Total budget = N100,000,000

Portion of pie chart covered in degree = 720

Expenditure on Agriculture = x/N100,000,000 × 3600 = 720

3600x = 720 × N100,000,000

x = 720 × N100,000,000/3600

x = N20,000,000

Therefore, the budget allocated to Agriculture is N20,000,000

Ratio of expenditure on Manufacturing to Agriculture;

Ratio = 10,000,000:20,000,000

=1:2

View Answer

Question 4 Report

The effects on the demand for product A caused by a change in the price of product B is Called____________

Joint demand

cross-elasticity of demand

elasticity of supply

competitive demand

The Theory Of Demand

Demand

View Answer

Question 5 Report

Import duty and tariffs is an instrument used for international trade restriction and so is __________?

Preferential duties

Preferential treatment

Entreport

Trade license

Answer Details

In other to encourage or discourage the importation of certain goods from certain countries discriminate duties are charged on these goods.

Read lesson note on International Trade (JAMB)

International Trade

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Question 6 Report

The current stage of the economy is depicted in curve I. The movement of curve I to II suggests___________

an Improvement in capital goods technology but not In consumer goods technology

a movement from unemployment to full employment

that the output for the society has declined

a gain in consumer goods technique and not in capital goods technique

The Theory Of Production

Theory Of Costs

View Answer

Question 7 Report

Mortgage banks give loans to investors on a long term basics to_____________

Finance agriculture

establish banks

acquire machinery

build houses

Answer Details

Mortgage banks give loans to investors on a long-term basis to build houses. When people want to buy a home, they may not have enough money to pay for it all at once. In this case, they can apply for a mortgage loan from a bank. A mortgage is a loan that is used to buy a property and is usually paid back over a period of several years. Mortgage banks specialize in giving out loans for the purpose of purchasing property, such as homes or other buildings. The loan is typically secured by the property being purchased, which means that if the borrower cannot repay the loan, the bank can take possession of the property to recoup its losses. Investors who want to build houses can also get mortgage loans from banks. In this case, the loan is used to finance the construction of the property, and the property serves as collateral for the loan. Overall, the primary purpose of mortgage banks is to give long-term loans to investors who want to buy or build houses. By providing this service, mortgage banks help to stimulate the housing market and make it easier for people to achieve their dreams of homeownership.

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Agriculture

Banking

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Question 8 Report

When a variable is associated with time period, it is_____________

circular

a flow

static

a stock

Methods And Tools Of Economic Analysis

View Answer

Question 9 Report

Which of the following is an advantage of localization of industry?

Development of subsidiary firms

creation of parallel market

development of slums

attraction of foreign capital

Answer Details

Localization of industries refers to the concentration of firms or industries producing similar product in one area. As major firms concentrate in one area, other subsidiary firms that assist the major firms in the production of goods usually emerge.

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Industry And Industrialization

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Question 10 Report

Commercial bank reserves at the Central Bank____________

advancing trade, prospects

controlling credit and money supply

reducing bank frauds

discouraging banking operations

Banking

View Answer

Question 11 Report

Calculate the population density of Nigeria, having a total population of 180 million with a total land area of 923,768 sq km?

195 million people per sq km

5132 people per sq km

195 people per sq km

1.7 million people per sq km

Answer Details

To calculate the population density of Nigeria, we need to divide the total population of Nigeria by its total land area. So, Population density of Nigeria = Total population of Nigeria / Total land area of Nigeria Plugging in the values, we get: Population density of Nigeria = 180,000,000 / 923,768 sq km Solving this equation, we get: Population density of Nigeria = 195 people per sq km (rounded to the nearest whole number) Therefore, is the correct answer. Nigeria has a population density of approximately 195 people per square kilometer, which means that on average, there are 195 people living in every square kilometer of land in Nigeria. This number is relatively high compared to some other countries, but it is important to note that population density varies widely depending on factors such as geography, climate, and economic development.

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Population

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Question 12 Report

X	2	3	4	5
F	2	5	2	1

From the table, the mean of the distribution is___________

2.2

2.5

3.2

4.5

Answer Details

Mean= ∑fx/∑f

=(4+15+8+5)/(2+5+2+1)

=32/10

=3.2

Read lesson note on Methods And Tools Of Economic Analysis (JAMB)

Methods And Tools Of Economic Analysis

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Question 13 Report

The diagram below represents a production function. At which of the points does diminishing returns set in __________

R

S

T

V

Answer Details

Diminishing returns set in at point T in the production function. In a production function, adding more units of input (such as labor or capital) typically leads to an increase in output at a certain rate. However, as the amount of input increases beyond a certain point, the rate of output increase begins to decline. This is known as the law of diminishing returns. In the diagram, points R and S represent the increasing phase of the production function where output increases at an increasing rate as more input is added. However, at point T, the rate of increase in output begins to slow down, indicating that the law of diminishing returns has set in. Beyond point T, adding more input will result in smaller increases in output, and may even cause a decrease in output if the input becomes too excessive, as shown by point V. Therefore, point T is where diminishing returns set in, indicating the optimal level of input for maximum output.

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The Theory Of Production

Theory Of Production

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Question 14 Report

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

bank load

debenture

preferred stock

semi-fixed

Answer Details

The type of business finance that entitles the holder to a fixed rate of dividend is called "preferred stock." Preferred stock is a type of investment in a company that gives shareholders a higher priority claim on dividends compared to common stockholders. This means that if the company distributes profits as dividends, the holders of preferred stock will receive their dividend payments first, before common stockholders. In addition to priority dividend payments, preferred stockholders may also have other advantages over common stockholders, such as the ability to vote on certain matters, and a greater degree of safety in the event of bankruptcy or liquidation. The key feature of preferred stock is that it provides a fixed rate of dividend, which is agreed upon at the time of issuance. This means that the company is obligated to pay a certain amount of dividend to preferred stockholders, regardless of how the company performs financially. This can make preferred stock a relatively stable investment option, especially for investors who are seeking a regular income stream.

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Business Organizations

Theory Of Costs

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Question 15 Report

An economy in which both the public and private sectors contribute to economic growth is a__________?

socialist economy

feudal economy

mixed economy

capitalist economy

Answer Details

The correct answer is a mixed economy. A mixed economy is an economic system that combines elements of both the public (government) and private sectors. In a mixed economy, the government and private businesses work together to create economic growth and promote social welfare. In a mixed economy, the government is responsible for providing essential services such as healthcare, education, and infrastructure. The private sector, on the other hand, is responsible for creating goods and services that meet the demands of the market. This type of economy allows for the benefits of both capitalism (private enterprise) and socialism (public enterprise) to coexist. It allows the government to regulate and control certain aspects of the economy, while still allowing the private sector to operate and innovate freely. Many modern economies around the world are considered mixed economies, including the United States, Canada, and the United Kingdom.

View Answer

Question 16 Report

In the long run, all production factors are____________

variable

fixed

semi-variable

semi-fixed

Answer Details

In the long run, all production factors are variable. This means that in the long run, a firm can adjust all of its inputs, including labor, capital, and resources, to produce the level of output it desires. Unlike the short run, where some production factors are fixed and cannot be changed, the long run allows firms to make changes to all of their inputs, such as investing in new technology or equipment, hiring or firing employees, and even moving to a new location. For example, in the short run, a bakery may only be able to increase its production by hiring more workers or working longer hours, as its oven and baking equipment are fixed. But in the long run, the bakery could invest in new, larger equipment to increase its production capacity, as well as relocate to a larger facility or even open new stores. Therefore, in the long run, all production factors can be adjusted, making them variable, while in the short run, some factors are fixed, making them less adaptable to changes in production levels.

Read lesson note on The Theory Of Production (JAMB)

The Theory Of Production

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Question 17 Report

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

International monetary Fund

Countries with comparative advantage

Countries with superlative advantage

Countries producing same or identical goods

Answer Details

The formation of cartels or monopolies in order to obtain better bargaining or deals from other countries is characteristic of countries producing the same or identical goods. When multiple countries produce the same or very similar goods, they may face competition from each other in the global marketplace. This competition can lead to lower prices and lower profits for all the countries involved. To avoid this, these countries may form a cartel or monopoly by agreeing to work together to limit production or fix prices. By doing so, they can increase their bargaining power and negotiate better deals with other countries or buyers. For example, the Organization of the Petroleum Exporting Countries (OPEC) is a cartel made up of oil-producing countries that work together to regulate the supply and price of oil in the global market. By working together, they can maintain higher prices for their oil and negotiate better deals with buyers. Overall, the formation of cartels or monopolies can be a way for countries producing similar goods to gain more control over the market and secure better economic outcomes for themselves.

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International Trade

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Question 18 Report

The basic economic problems of society include___________

scarcity, for whom to produce and where

what to produce, how and for whom

how to produce and sell

Answer Details

The basic economic problems of society refer to the fundamental challenges that arise from the limited availability of resources and the unlimited wants and needs of individuals and society as a whole. The three main economic problems are scarcity, choice, and opportunity cost. Scarcity refers to the limited availability of resources, such as land, labor, and capital, relative to the unlimited wants and needs of individuals and society. This means that choices must be made about what to produce, how to produce it, and for whom it should be produced. The second economic problem is choice. Because resources are scarce, individuals and societies must make choices about what goods and services to produce and consume. This requires answering questions like "what to produce," "how much to produce," "how to produce it," and "for whom to produce it." These choices have important consequences for the allocation of resources and the distribution of income and wealth. The third economic problem is opportunity cost. This refers to the cost of choosing one option over another, as measured by the value of the best alternative foregone. In other words, every time we make a choice, we give up the opportunity to do something else with those resources. This means that the cost of any choice is not only the direct cost of producing or consuming a good, but also the opportunity cost of not using those resources in some other way. In summary, the basic economic problems of society include scarcity, choice, and opportunity cost. These problems arise from the limited availability of resources relative to the unlimited wants and needs of individuals and society, and require making choices about what to produce, how to produce it, and for whom it should be produced.

Read lesson note on Economics As A Science (JAMB)

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Economics As A Science

Economic Systems

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Question 19 Report

The following are types of capital except:___________

Current capital

Saving capital

Working capital

Social capital

Answer Details

The different types of capital include: Fixed capital, which are assets not used up in the course of production. Circulatory or Working capitals are assets which are used up in the process of production Eg. Raw materials, fuel etc Social capital is the assets provided by the government that aid production. Examples include electricity, water etc.

Saving capital is not a type of capital

Read lesson note on Factors Of Production And Their Theories (JAMB)

Factors Of Production And Their Theories

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Question 20 Report

The economic term used to refer to human wants, desires or needs is known as?

Ends

Alternative means

Scarce

Means

Answer Details

The economic term used to refer to human wants, desires, or needs is "Ends". In economics, ends refer to the goals or objectives that individuals or society aims to achieve. These are the things that people want or need, such as food, shelter, clothing, entertainment, or education. Ends are considered to be unlimited because there are always new wants or needs that arise as people's tastes and preferences change, as well as advances in technology and innovation. However, the resources to satisfy these ends are limited, which creates a problem of scarcity. To achieve these ends, individuals must use alternative means, or resources, such as labor, capital, or natural resources. Therefore, the correct option is "Ends".

Read lesson note on Factors Of Production And Their Theories (JAMB)

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Read lesson note on The Theory Of Demand (JAMB)

Read lesson note on Economics As A Science (JAMB)

Factors Of Production And Their Theories

International Trade

The Theory Of Demand

Economics As A Science

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Question 21 Report

The mean is the best measure of central tendency because it__________

can be calculated from incomplete data

is a balancing point in an observation

is a midpoint value in an array of data

is not affected by extreme values in a data

Answer Details

The mean is considered the best measure of central tendency because it is a balancing point in an observation. Central tendency refers to the tendency of data to cluster around a particular value in a distribution. The three measures of central tendency are mean, median, and mode. The mean is the arithmetic average of a set of data and is calculated by summing all of the values and dividing by the number of values in the set. The mean is the balancing point in an observation because it takes into account all the values in a set of data and calculates their average. It is the sum of all the values in the set divided by the total number of values. Because the mean is based on all the values in the data set, it is less likely to be affected by extreme values (outliers) than other measures of central tendency, such as the median or mode. In addition to being a balancing point in an observation, the mean has several other advantages as a measure of central tendency. For example, it is easy to calculate and is a useful tool for comparing different data sets. It can also be calculated from incomplete data, which is not the case with other measures of central tendency. Overall, the mean is the best measure of central tendency because it is a balancing point in an observation and takes into account all the values in a data set, making it less likely to be influenced by extreme values.

Read lesson note on Methods And Tools Of Economic Analysis (JAMB)

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Methods And Tools Of Economic Analysis

Basic Tools Of Economic Analysis

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Question 22 Report

As a factor of production, the reward for land is?

Profit

Interest

Rent

Wage

Answer Details

The reward for land as a factor of production is rent. Rent is the payment made by a tenant or user of land to the owner of the land in exchange for the right to use the land. Land, as a factor of production, refers to the natural resources such as water, air, forests, minerals, and other resources that are used in the production process. Unlike labor and capital, land is considered to have a fixed supply, which means that its availability is limited. Therefore, the price of land is determined by the demand for it, which is influenced by factors such as location, natural resources, and economic activity. In summary, the reward for land is rent, which is the payment made by a tenant or user of land to the owner of the land in exchange for the right to use the land.

Read lesson note on Factors Of Production And Their Theories (JAMB)

Factors Of Production And Their Theories

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Question 23 Report

The coefficient of the price elasticity of supply is always_____________

Constant

Zero

Positive

Negative

Answer Details

The coefficient of the price elasticity of supply is positive. This means that as the price of a good or service increases, the quantity of it that is supplied will increase as well. Conversely, if the price decreases, the quantity supplied will decrease. The degree to which the quantity supplied responds to changes in price is what the coefficient of the price elasticity of supply measures. A perfectly elastic supply has an elasticity of infinity, meaning that even a small change in price will result in a large change in the quantity supplied. On the other hand, a perfectly inelastic supply has an elasticity of zero, meaning that the quantity supplied does not change in response to price changes.

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The Theory Of Supply

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Question 24 Report

The ultimate objectives of economics is to_________?

decide under what circumstances that government should intervene in the economy

Organize production at the lowest cost

Make the best use of scarce resources

make efforts to understands how the economy works

Answer Details

The ultimate objective of economics is to make the best use of scarce resources. This means that economics seeks to understand how people, businesses, and societies allocate limited resources such as land, labor, capital, and technology in order to satisfy unlimited wants and needs. The goal is to ensure that resources are used in the most efficient and effective way possible, so that people can enjoy a higher standard of living and greater economic prosperity.

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Economics As A Science

Economic Systems

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Question 25 Report

Human wants are insatiable because wants are____________

Limited while means are scarce

Unlimited and means are also unlimited

Limited and means are also limited

Unlimited while means are scarce.

Answer Details

Want may be defined as insatiable desire or need by human beings to own goods or services that give satisfaction. Human wants or needs are many, and are usually described as insatiable because the means of satisfying them are limited or scarce

Read lesson note on Economics As A Science (JAMB)

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Economics As A Science

Economic Systems

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Question 26 Report

The expression of cost in terms of alternative forgone is referred to as ____?

Scarce resources

Decision making

Opportunity cost

Choice

Answer Details

The expression of cost in terms of alternative forgone is referred to as "Opportunity cost". Opportunity cost is the cost of an alternative that must be forgone in order to pursue a certain action or decision. In other words, it is the value of the next best alternative that you have to give up in order to choose a certain option. For example, if you have $100 and you can either buy a new book or go to a concert, the opportunity cost of buying the book is the value you would have received from going to the concert (and vice versa). If you choose to buy the book, you give up the experience of going to the concert, and if you choose to go to the concert, you give up the value you would have received from the book. Opportunity cost is an important concept in decision making, economics, and business, because it helps us understand the trade-offs that we make when we make choices with limited resources. By considering the opportunity cost of different options, we can make more informed and rational decisions about how to allocate our resources.

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Theory Of Costs

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Question 27 Report

The reward for capital is___________

Interest

Rent

Risk

Premium

Answer Details

The reward for capital is interest. Capital refers to the money or assets that are used to invest in a business or enterprise. When someone invests their capital into a business, they expect to earn a return on their investment. The return on investment for capital is called interest. Interest is the amount of money paid by the borrower to the lender for the use of their capital. This can be in the form of regular interest payments or a lump sum at the end of the investment period. The interest rate is determined by various factors such as market conditions, inflation, and risk. Therefore, interest is the primary reward for capital.

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The Theory Of Production

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Question 28 Report

From the graph above the consumer will attain equilibrium at point_______________

J

K

M

L

The Theory Of Production

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Question 29 Report

Occupational distribution of information is mainly influenced by___________

economic factor

religious factor

geographical factor

social factor

Answer Details

Occupational distribution of population refers to the classification of the working population into different types of work they engage in. The occupational distribution in any population is influenced by factors which includes: The level of education, Availability of natural resources, The level of technology, The type of production activities.

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International Trade

Population

Market Structure

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Question 30 Report

Factors affecting size of Labour Force include the following EXCEPT?

Level of technology

Retirement age

Government policies

Trade Union activities

Answer Details

Factors that affect the size of Labour Force include the following: Size of population of a country, official school leaving age, retirement age, pursuit of higher education, age, structure of population, role of women in the society, number of working hours and working days, the number of disabled, the number of people willing to work, migration.

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Population And Labour Market

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Question 31 Report

The population density of a town made up of 50 square kilometer land area and 100 million people is________

50,000 people per square kilometer

2 million people per square kilometer 

0.5 million people per square kilometer

20 million people per square kilometer

Answer Details

To calculate the population density, we need to divide the total population by the land area. Population density = Total population / Land area In this case, the total population is 100 million and the land area is 50 square kilometers. So, Population density = 100 million / 50 square kilometers Simplifying the above expression, we get: Population density = 2 million people per square kilometer Therefore, the correct option is "2 million people per square kilometer".

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Population And Labour Market

Population

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Question 32 Report

The establishment of industries in rural areas will help to reduce____________-

Urban-Rural migration

Rural-Urban migration

Rural-Rural migration

Urban-Urban migration

Answer Details

The establishment of industries in rural areas will help to reduce Urban-Rural migration. Urban-Rural migration refers to the movement of people from urban (city) areas to rural (countryside) areas in search of better living conditions, employment opportunities, and a lower cost of living. This migration often leads to overcrowding, strain on urban resources, and an increase in poverty in both urban and rural areas. When industries are established in rural areas, it creates employment opportunities for people living in those areas. This leads to an improvement in the standard of living of the local population, as they can find employment opportunities near their homes and do not need to move to urban areas. As a result, people are less likely to migrate from rural areas to urban areas in search of better opportunities, which helps to reduce Urban-Rural migration. In addition, the establishment of industries in rural areas also leads to an increase in economic activity in those areas, which stimulates local economies and creates new business opportunities. This, in turn, can lead to a reduction in poverty, an improvement in infrastructure and services, and an overall improvement in the quality of life for people living in rural areas.

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Distributive Trade

Industry And Industrialization

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Question 33 Report

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

Revenue generation

Economic development

Fiscal Policy

Taxation

Answer Details

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as Fiscal Policy. Fiscal policy involves the use of government spending and taxation to influence the economy's performance. For example, during a recession, the government may increase its spending to stimulate economic growth and create jobs. Alternatively, during a period of high inflation, the government may reduce its spending and increase taxes to reduce the amount of money in circulation and lower inflation. Fiscal policy can be used to achieve various economic objectives, such as stabilizing the economy, promoting economic growth, and reducing income inequality. It is an essential tool for governments to manage the economy and ensure its stability and growth over the long term.

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Public Finance

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Question 34 Report

When elasticity is zero, the demand curve is_____________

circular

downward sloping

perfectly inelastic

concave

Answer Details

When the elasticity of demand is zero, the demand curve is said to be perfectly inelastic. This means that a change in price will not cause any change in the quantity demanded. In other words, no matter how much the price changes, the quantity demanded will remain the same. For example, if the price of insulin for diabetes treatment were to double, people who depend on it to survive would have no choice but to continue buying the same amount. This is because they cannot reduce their consumption of insulin, and therefore, the demand for insulin is perfectly inelastic. In terms of the demand curve, a perfectly inelastic demand curve is vertical, meaning that it is a straight line perpendicular to the horizontal axis. This is because, as mentioned earlier, the quantity demanded remains constant regardless of the price. So, when graphed, the demand curve will be a straight vertical line.

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The Theory Of Demand

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Question 35 Report

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________

Sales promotion

Term of trade

Export promotion

International trade

Answer Details

The policy by which the government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called export promotion. This policy is aimed at increasing the volume and value of a country's exports, thereby increasing its foreign exchange earnings. Export promotion can take many forms, including providing financial incentives, such as subsidies and tax breaks, to producers of export goods. It can also involve providing training and support to help exporters improve their competitiveness, as well as promoting a country's exports through trade shows and other marketing initiatives. The goal of export promotion is to help a country's businesses increase their exports, create jobs, and boost the economy.

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International Trade

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Question 36 Report

Which of the following is an invisible item?

Petroleum services

Processed rice

Processed milk

Banking services

Answer Details

The invisible item in the list is "Banking services". In economics, visible items are tangible goods that can be physically seen and touched, while invisible items are intangible services that cannot be physically seen or touched. Petroleum services, processed rice, and processed milk are all visible items because they are tangible goods that can be seen, touched, and measured. On the other hand, banking services are intangible and cannot be physically seen or touched. Examples of banking services include providing loans, managing savings accounts, facilitating transactions, and offering financial advice. Therefore, banking services are considered an invisible item because they are intangible and cannot be physically seen or touched.

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Banking

Money And Inflation

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Question 37 Report

A group formed to enable members adopt a common policy in labour negotiation is known as?

Employer’s association

Craft Union

Trade union

Employee’s union

Answer Details

Employer’s association is formed to enable members to adopt a common policy in labour negotiation. A good example of employers association is that of the Nigerian Employers’ Consultative Association (NECA).

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Population And Labour Market

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Question 38 Report

Which of the following is not a direct tax?

capital gains tax

purchase tax

personal income tax

capital tax

Public Finance

Financial Institutions

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Question 39 Report

The need to construct a scale of preference is necessitated by____________

scarcity and the need for choice

The needs to satisfy wants

Non - availability of factors of production

Scarcity of resources

Answer Details

The need to construct a scale of preference is necessitated by scarcity and the need for choice. Resources are limited, but human wants and needs are unlimited. This creates a situation of scarcity, where people must make choices about how to allocate their resources to satisfy their most pressing needs and wants. A scale of preference is a tool that helps individuals to prioritize their wants and needs, so that they can make informed choices about how to allocate their limited resources. For example, imagine you have a limited amount of money to spend on groceries for the week. You have a long list of items you want to buy, but you can't afford to buy them all. By constructing a scale of preference, you can prioritize the items on your list according to how important they are to you. You might decide that buying bread, milk, and vegetables are your top priorities, while buying luxury items like chocolates and wine are lower on your list. This allows you to make the most of your limited resources and satisfy your most pressing needs first. Therefore, the need to construct a scale of preference is necessitated by scarcity and the need for choice, as it helps individuals to allocate their limited resources in a way that best satisfies their wants and needs.

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The Theory Of Demand

Economics As A Science

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Question 40 Report

A capital market differs from the money market in that in the former _____?

The percentage of interest charged is more

Loan sought is long term

Loan repayment is guaranteed

Loan sought is short-term

Answer Details

A capital market differs from the money market in that in the former, the loans sought are long term, whereas in the money market, the loans sought are short term. A capital market refers to the financial market where companies and governments can raise long-term funds by issuing and selling securities such as stocks, bonds, and other financial instruments. Investors who buy these securities are essentially lending money to the issuing entity for a longer duration, with the expectation of receiving interest payments and eventual repayment of the principal amount. The securities traded in the capital market have longer maturities, typically longer than a year. On the other hand, the money market is a financial market where short-term financial instruments such as treasury bills, commercial paper, and certificates of deposit are traded. The loans in the money market are typically for a duration of less than a year, with the purpose of meeting short-term funding needs. The interest rates on these loans are generally lower than in the capital market, given their short-term nature. In summary, while both markets deal with financial instruments, the primary difference between them is the duration of the loans sought, with the capital market focusing on long-term funding needs and the money market on short-term funding needs.

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