Money and Inflation - Jamb Economics Past Questions and Answers

Question 86:

• JAMB 2012

The money that commands a higher market value than its face value is called

A. Paper money
B. Standard money
C. Commodity money
D. Fiat money

Question 87:

• JAMB 2013

The speculative demand for money is inversely related to the

A. Interest rate
B. Level of income
C. Exchange rate
D. Inflation rate

Question 88:

• JAMB 2013

If Mr .K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be

A. Transactionary
B. Speculative
C. Precautionary and speculative
D. Transactional and speculative

Question 89:

• JAMB 2020

A major factor affecting the value of money is the?

A. Price level
B. Banking habits
C. Transaction motive
D. Divisible nature of money

Question 90:

• JAMB 2020

To control inflation, the monetary authorities of a country can

A. Reduce taxes
B. Advise the government to increase its expenditure
C. Engage in expansive monetary policies
D. Engage in restrictive monetary policies