Financial Institutions - Economics Jamb Past Questions and Answers

Question 11 :

• JAMB 2017

Which of the following institutions does not operate in the money market?

A. Central bank
B. Mortgage banks
C. Money deposit banks
D. Insurance companies

Question 12 :

• JAMB 2016

The interest charged on loans is determined by the __________?

A. Exchange rate
B. Fiscal policy
C. Risk associated with the loan
D. Rate of production in the country

Question 13 :

• JAMB 2016

Which of the following is NOT among the financial institutions in Nigeria?

A. Federal Mortgage Bank
B. Microfinance Banks
C. Insurance Banks
D. Federal Ministry of Finance

Question 14 :

• JAMB 2015

The financial institution known as a building society is

A. Commercial bank
B. Central bank
C. Mortgage bank
D. Development bank

Question 15 :

• JAMB 2015

A commercial bank can create money by

A. Issuing currency
B. Increasing cash ratio
C. Issuing cheque
D. Lending to borrowers