JAMB UTME - Economics - 1986 | Green Bridge CBT

Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?

N100.00

N1,000.00

N9,000.00

N10,000.00 Correct answer

Answer Details

Read lesson note on Banking (JAMB)

Banking

View Answer

Question 49 Report

The term balance oftrade, can be defined as the?

relation between value of exports and value of imports over a given period of time Correct answer

balance owed to the rest of the world in payment for imports

price paid for imports in term of exports

relation between payments of all kind made by a country to the rest of the world, over a given period of time

Answer Details

Read lesson note on International Trade (JAMB)

International Trade

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Question 50 Report

Which of the following is used by the Central Bank to control the rate of interest?

Bill of Exchange

Banker's order Correct answer

Fixed deposit account

Open market operation

Answer Details

Read lesson note on Banking (JAMB)

Banking

View Answer






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