Money and Inflation - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2015

The quantity theory of money states that a reduction in the quantity of money in circulation would bring about

A. A constant change in price
B. A rise in prices
C. An unequal fall in prices
D. A proportionate fall in price

Question 12:

• JAMB 2014

Short-term loans for investment are usually obtained through the

A. Stock market
B. Development banks
C. Money market
D. Capital market

Question 13:

• JAMB 2014

Wage freeze is a policy measure aimed at

A. Encouraging investors
B. Curbing inflation
C. Regulating standard of living
D. Curbing deflation

Question 14:

• JAMB 2014

The precautionary demand for money is determined by

A. The rate of interest
B. The level of savings
C. The level of income
D. General price level

Question 15:

• JAMB 2014

An inflation that co-exists with high rate of unemployment is

A. Hyperinflation
B. Stagflation
C. Demand-pull inflation
D. Cost-push inflation