Types Characteristics And Functions Of Money - Economics Jamb Past Questions and Answers

Question 11 :

• JAMB 1997

The most important attribute of money is?

A. Homogeneity
B. Relative scarcity
C. Divisibility
D. General acceptability

Question 12 :

• JAMB 1998

An issue of bank-notes not backed by gold but by government securities is known as?

A. Fiduciary isssue
B. Guaranteed money
C. Seignior age
D. Legal tender

Question 13 :

• JAMB 1999

One of the functions money is that, it helps?

A. Detect frauds in matters of exchange
B. Postponed payments without loss of count
C. Store information about the valuation of an item
D. Record information about the valuation of an item

Question 14 :

• JAMB 2001

Money may not be accepted as a store of value if?

A. Its value is unstable
B. It is easily transferable
C. Its value is stable
D. It is easily divisible

Question 15 :

• JAMB 2005

Idle cash balances are held for

A. Planned purchases
B. The purchase of bonds
C. The purchase of shares
D. Unplanned purchases