An upward movement along the same supply curve result in_____________

an increase in quantity supplied

a decrease In quantity supplied

Commercial bank reserves at the Central Bank____________

controlling credit and money supply

discouraging banking operations

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

The percentage of interest charged is more

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

2 million people per square kilometer 

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

The mean is the best measure of central tendency because it__________

is a balancing point in an observation

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

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

Ajụjụ 1 Ripọtì

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

Deflation

Inflation

Devaluation Azịza ziri ezi

Revaluation

Akọwa Nkọwa

The reduction in the value of a country's currency in relation to the value of the currencies of other nations is known as "Devaluation". When a country's currency is devalued, it means that the value of its currency has decreased compared to the currencies of other countries. This can happen for a number of reasons, including a decrease in the demand for the country's goods and services, a decrease in the country's economic growth, or a decrease in the country's foreign reserves. A devaluation makes a country's exports cheaper and more competitive on the global market, which can help boost the country's economy. However, it can also lead to higher prices for imported goods, which can negatively impact the country's consumers. In simple terms, devaluation is when a country's currency becomes less valuable compared to other currencies.






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