Money and Inflation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

The money market equilibrium is defined as_________

A. When the demand and supply of money are equal
B. When demand is greater than supply of money
C. When demand is less than supply of money
D. When supply is greater than demand for money

Question 2:

• JAMB 2019

An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________

A. Stagflation
B. Inflationary spiral
C. Slump inflation
D. Inflationary gap

Question 3:

• JAMB 2018

The purchasing power of money depends upon the__________

A. Value
B. Index
C. Price Level
D. Wages

Question 4:

• JAMB 2018

The term "Money at call and short notice" in a bank's assets represents the bank's loans to______

A. Industry and commerce
B. Overseas central banks
C. The capital market
D. The money markets

Question 5:

• JAMB 2019

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

A. Deflation
B. Inflation
C. Devaluation
D. Revaluation