Economics 1989 Jamb Past Questions and Answers

Question 26 :

• JAMB 1989

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 :

• JAMB 1989

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 :

• JAMB 1989

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 :

• JAMB 1989

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 :

• JAMB 1989

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