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 Bonne réponse

Détails de la réponse

Lisez la note de cours sur Banking (JAMB)

Banking

Voir la réponse

Question 39 Rapport

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

Bill of Exchange

Banker's order Bonne réponse

Fixed deposit account

Open market operation

Détails de la réponse

Lisez la note de cours sur Banking (JAMB)

Banking

Voir la réponse

Question 40 Rapport

Which of the following is a characteristic of private limited liability company?

its shares can be sold to the public

the number of shareholders ranges from fifty to one hundred

all shareholders have equal powers and responsibilities

the number of shareholders ranges from two to fifty Bonne réponse

Détails de la réponse

Lisez la note de cours sur Business Organizations (JAMB)

Business Organizations

Voir la réponse

Question 41 Rapport

Choice in economic life is necessitated by?

the need to construct scale of preference

the opportunity cost of consumption

unlimited wants

scarcity of economic resources Bonne réponse

Détails de la réponse

Lisez la note de cours sur Economics As A Science (JAMB)

Lisez la note de cours sur Economic Systems (JAMB)

Economics As A Science

Economic Systems

Voir la réponse

Question 42 Rapport

To control inflation, the monetary authorities of a country can?

reduce taxes

advise government to increase its expenditure

engage in expansive monetary policy

engage inrestrictive monetary policy

Bonne réponse

Détails de la réponse

Lisez la note de cours sur Money And Inflation (WAEC)

Money And Inflation

Voir la réponse

Question 43 Rapport

A country has a population distribution as shown below:

The dependency ratio is

3:2

1:3

2:3

1:5 Bonne réponse

Détails de la réponse

Lisez la note de cours sur Population (JAMB)

Population

Voir la réponse

Question 44 Rapport

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 Bonne réponse

Total cost

Prime cost

Détails de la réponse

Lisez la note de cours sur Theory Of Costs (JAMB)

Theory Of Costs

Voir la réponse

Question 45 Rapport

A monopolist will practice price discrimination in two markets if?

the cost of separating the markets is large

the markets have different elasticities of demand Bonne réponse

there is free flow of information in the two markets

there is a patent of the commodity

Détails de la réponse

Lisez la note de cours sur Factors Of Production And Their Theories (JAMB)

Lisez la note de cours sur Market Structures (WAEC)

Lisez la note de cours sur Economics As A Science (JAMB)

Factors Of Production And Their Theories

Market Structures

Economics As A Science

Voir la réponse

Question 46 Rapport

What fundamentally determines how much a consumer spends in a producer's shop?

Individual's propensity to consume

level of his taxation

level of his income Bonne réponse

Individual's taste or fashion

Détails de la réponse

Lisez la note de cours sur Public Finance (JAMB)

Lisez la note de cours sur The Theory Of Demand (JAMB)

Lisez la note de cours sur National Income (JAMB)

Public Finance

The Theory Of Demand

National Income

Voir la réponse

Question 47 Rapport

The most important economic characteristic differentiating commercial banks from other financial institutions is their?

function as a safe and profitable store place for savings

role in financing balance of payment deficits

status as an intermediary between savers and borrowers Bonne réponse

ability to create and destory money

Détails de la réponse

Voir la réponse

Question 48 Rapport

In international trade, a country specializes in the production of a commodity or group of commodities for which it has?

a buoyant market

plenty of raw materials

the greatest relative advantage Bonne réponse

executive manpower

Détails de la réponse

Lisez la note de cours sur International Trade (JAMB)

International Trade

Voir la réponse

Question 49 Rapport

Under normal circumstances the concept of consumers sovereignty implies that

the consumer and not the producer owns the means of production

the producer and not the consumer determines what is to be produced Bonne réponse

the consumer and not the producer determines what is to be produced

both the consumer and the producer determines what should be produced

Détails de la réponse

Lisez la note de cours sur Theory Of Consumer Behaviour (WAEC)

Lisez la note de cours sur Theory Of Production (WAEC)

Lisez la note de cours sur The Theory Of Demand (JAMB)

Theory Of Consumer Behaviour

Theory Of Production

The Theory Of Demand

Voir la réponse

Question 50 Rapport

Deflation is a persistent fall in the general price level and is usually caused by?

a reduction in total demand Bonne réponse

an increase in government spending

an increase in the money supply

an increase in aggregate demand

Détails de la réponse

Lisez la note de cours sur Public Finance (JAMB)

Lisez la note de cours sur Economics As A Science (JAMB)

Public Finance

Economics As A Science

Voir la réponse






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