Money and capital markets - 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

The savings deposit in a commercial bank is called____________?

A. Near money
B. Call money
C. Capital
D. Fund

Question 3:

• JAMB 2016

The interest charged on loans is determined by the __________?

A. Exchange rate
B. Fiscal policy
C. Risk associated with the loan
D. Rate of production in the country

Question 4:

• JAMB 1980

In Nigeria, cheques are not money because?

A. Their use is confined to business houses
B. There are no banks in rular areas
C. They are not legal tender
D. They are not generally acceptable as a medium of exchange
E. Most Nigerians cannot identify them

Question 5:

• JAMB 1993

The money market is a financial market that specializes in the provision of?

A. Short-term loans
B. Medium-term loans
C. Long-term loans
D. Venture capital for development projects