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Jamb Economics 1989 Past Questions and Answers

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Jamb 1989 Economics Past Questions

Question 26:


The term 'double coincidence ' of wants is usually associated with a?

A. Bilateral exchange mechanism
B. Monetary exchange mechanism
C. Stock exchange system
D. Barter exchange mechanism


Question 27:


A major factor affecting the value of money is the?

A. Price level
B. Banking habit
C. Transaction motive
D. Divisible nature of money


Question 28:


Cost-push inflation is caused by?

A. Growth of government expenditure
B. Increase in factor prices
C. Increase in money supply
D. Hoarding


Question 29:


The stock exchange market is where?

A. Businessmen borrow some capital
B. The federal government trades on treasury bills
C. Existing bonds and stocks are traded
D. New stocks and shares are bought or sold


Question 30:


Commercial bank reserves at the Central Bank have the effect of?

A. Controlling credit and money supply
B. Discouraging banking operations
C. Advancing trade prospects
D. Reducing bank frauds






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