Exchange rate - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2018

The second equation of exchange is__________

A. MV = PT
B. P = \(\frac {M}{KR}\)
C. P = \(\frac {MV}{T}\)
D. P=MV

Question 3:

• JAMB 2019

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

A. Volume of trade between countries
B. Direction of international trade
C. Commodity terms of trade
D. Volume of imports

Question 4:

• JAMB 2014

A major determinant of floating exchange rate is

A. The highest denomination of the currency
B. An Act of the parliament
C. The system of government
D. The forest of demand and supply

Question 5:

• JAMB 1978

Which of the following financial assets consist the lowest rate of interest in Nigeria?

A. Commercial bills
B. Call money
C. Treasury bills
D. Development loan stocks
E. Deposits with the federal savings bank