Financial Institutions - 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 2019

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

A. Monetary policy
B. Fiscal policy
C. Credit ceiling
D. Open market operation

Question 3:

• JAMB 2019

Restrictive monetary policy is designed to curtail aggregate demand and to overcome________

A. Deflation
B. Reinflation
C. Disinflation
D. Inflationary gap

Question 4:

• JAMB 2018

A contractionary monetary policy is used to control__________

A. Deflation
B. Inflation
C. Recession
D. Balance of Payment deficit

Question 5:

• JAMB 2018

The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______

A. Banks only
B. Discount houses only
C. Banks and discount houses
D. Banks, discount houses and stock, exchanges