Money and Inflation - Jamb Economics Past Questions and Answers

Question 61:

• JAMB 1999

The relationship between the value of money and the price level is?

A. Direct
B. Unpredictable
C. Diverse
D. Inverse

Question 62:

• JAMB 1999

People hold money for?

A. Charity
B. Safe keeping
C. Profit making
D. Speculative purposes

Question 63:

• JAMB 1999

If high unemployment goes hand in hand with rising prices, the situation created is?

A. Hyperinflation
B. Stagflation
C. Moderate inflation
D. Galloping inflation

Question 64:

• JAMB 1999

One of the functions money is that, it helps?

A. Detect frauds in matters of exchange
B. Postponed payments without loss of count
C. Store information about the valuation of an item
D. Record information about the valuation of an item

Question 65:

• JAMB 2000

An increase in money supply, other things being equal, will?

A. Lower interest rates
B. Reduce income
C. Ensure trade balance
D. Increase money demand