Financial Institutions - Jamb Economics Past Questions and Answers

Question 116:

• JAMB 2013

The rate of interest change on loans depends largely on

A. The prevailing exchange rate
B. Marginal efficiency of capital
C. The risk associated with the loan
D. The prevailing tax rate

Question 117:

• JAMB 2020

The Nigerian bank for commerce and industry is?

A. A commercial bank
B. A development bank
C. An industrial bank
D. A merchant bank

Question 118:

• JAMB 2020

Which of the following is used by the central bank to control the rate of interest

A. Bill of exchange
B. Banker's order
C. Fixed deposit account
D. Open market operation

Question 119:

• JAMB 2020

Fiduciary issue is that part of?

A. The issue of notes backed entirely by gold
B. A country's currency that is not negotiable
C. The issue of notes not backed by gold
D. A country's currency officially issued

Question 120:

• JAMB 2020

One of the techniques of monetary control used by the central bank of Nigeria is

A. Selective credit control
B. Budget deficit
C. Foreign exchange control
D. Monitoring the general price level