International Trade - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 2014

A major determinant of floating exchange rate is

A. The highest denomination of the currency
B. An Act of the parliament
C. The system of government
D. The forest of demand and supply

Question 17:

• JAMB 2014

If the importation of a commodity is limited to a definite quantity, the trade control measure imposed is

A. Excise duties
B. Import duties
C. Quotas
D. Tariff

Question 18:

• JAMB 1978

Which is an example of an invisible item in the trade Account of Ghana?

A. Export of Cocoa from Ghana
B. Import of oil from Nigeria
C. A gift of a Peugout 504 by a firm in Nigeria to a firm in Ghana
D. Payment for shipping and insurance by a Ghanaian company to companies outside Ghana
E. None of the above

Question 19:

• JAMB 1978

The foreign exchange market is a market where

A. Graded commoditties like wheat, flour, etc are sold and bought
B. Currencies are sold and bought
C. Treasury bills are sold and bought
D. Government bonds are sold and bought
E. Treasury certificates are sold

Question 20:

• JAMB 1978

Which of the following financial assets consist the lowest rate of interest in Nigeria?

A. Commercial bills
B. Call money
C. Treasury bills
D. Development loan stocks
E. Deposits with the federal savings bank