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

Antwortdetails

Lies die Unterrichtsnotiz zu Banking (JAMB)

Banking

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Frage 47 Bericht

The best technical description of a progressive tax is a?

tax which takes more money from the rich than from the poor

more equitable tax than aggressive one

tax which takes a higher proportion of extra naira received as income rises

tax which falls directly on those in the high income brackets

Antwortdetails

Lies die Unterrichtsnotiz zu The Theory Of Demand (JAMB)

Lies die Unterrichtsnotiz zu The Theory Of Price Determination (JAMB)

Lies die Unterrichtsnotiz zu Economics As A Science (JAMB)

The Theory Of Demand

The Theory Of Price Determination

Economics As A Science

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Frage 48 Bericht

Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?

induce greater demand for beef

induce greater demand for fish

induce lower demand for fish

equate demands for beef and fish

Antwortdetails

Lies die Unterrichtsnotiz zu The Theory Of Demand (JAMB)

Lies die Unterrichtsnotiz zu Demand (WAEC)

The Theory Of Demand

Demand

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Frage 49 Bericht

Which of these is the real cost of satisfying any want in the sense of the alternative that has to be foregone?

Variable cost

opportunity cost

Total cost

Prime cost

Antwortdetails

Lies die Unterrichtsnotiz zu Theory Of Costs (JAMB)

Theory Of Costs

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Frage 50 Bericht

A producer sustains a loss in the short run if

marfinal revenue is less than price

price is less than average cost

average variable cost is less than average cost

marginal cost is less than marginal revenue

Antwortdetails

Lies die Unterrichtsnotiz zu Theory Of Price Determination (WAEC)

Lies die Unterrichtsnotiz zu Market Structures (WAEC)

Theory Of Price Determination

Market Structures

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