Question 761:

• JAMB 1985

Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?

A. Establishement of industries
B. Presence of mineral deposits
C. Transportation facilities
D. Favourable soils
E. Favourable climate conditions

Question 762:

• JAMB 1985

The petro- chemical industries are located in the River State of Nigeria due to?

A. Favourable climate
B. Favourable soil
C. Oil deposits
D. Palm oil products
E. Coal deposit

Question 763:

• JAMB 1985

One of the functions of the commercial banks is that it is?

A. Responsible for monetary policy
B. Responsible for issuing currency notes
C. The lender of last resort
D. The banker of the government
E. A banker of demand and time deposits of customers

Question 764:

• JAMB 1985

Because money serves as a standard for deferred payments

A. It serves as a store of value
B. Goods can be bought on credit with pre-determined value
C. Future trade becomes possible
D. It serves as a unit of account
E. It becomes valuable

Question 765:

• JAMB 1985

Which of the following is a necessary prerequisite for trade by barter?

A. Needs for double coincidence of wants
B. Multiple exchange rate
C. Impossibility of future trade
D. Impossibility of large scale production
E. Indivisibility of commodities