Jamb Economics 1992 Past Questions and Answers

Question 26:

• JAMB 1992

Which of the following is NOT directly concerned with dealings in treasury bills?

A. The stock exchange
B. The Central bank
C. Commercial banks
D. Discount houses

Question 27:

• JAMB 1992

Monetization refers to the ratio of?

A. Total transactions to monetary transactions
B. Monetary assets to total assets
C. Monetary transactions to total transactions
D. Money in circulation to total income

Question 28:

• JAMB 1992

The best way to reduce the supply of money in the economy is to?

A. Increase the liquidity ratio
B. Increase the number of bank-notes and cheques produced
C. Decrease treasury bills
D. Liberalize access to credit

Question 29:

• JAMB 1992

The total amount of money in circulation includes cash?

A. And current account
B. Owned by banks and the non-bank public
C. And current acount balances owned by banks and non-bank public
D. Owned by banks, the government and the non-bank public

Question 30:

• JAMB 1992

To reduce the high rate of inflation in the economy, the government should?

A. Increase taxes and have a budget surplus
B. Increase taxes and have a budget defilicit
C. Decrease taxes and have a budget defilicit
D. Decrease taxes and have a balance budget