The role of financial institutions in economic development - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1993

Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?

A. The deregulation of the banking system
B. The increase in the number of merchant banks
C. The community banking scheme
D. The deregulation of interest rate

Question 7:

• JAMB 2001

The raising of funds by selling stocks to the public is called?

A. Equity financing
B. Stock financing
C. Debt financing
D. Loan financing

Question 8:

• JAMB 2013

Life insurance companies contribute to economic development by holding a part of their assets in

A. Long-term financial instruments
B. Money market instruments
C. Cash and near money
D. Short-term financial instruments