Types And Functions Of Financial Institutions - Economics Jamb Past Questions and Answers

Question 41 :

• JAMB 1997

In commercial banking, an account from which the customer cannot withdraw money instantly is a?

A. Demand deposit account
B. Time deposit account
C. Special deposit account
D. Savings deposit account

Question 42 :

• JAMB 1998

If the reserve requirement for commercial banking in Nigeria were 30%, a commercial bank which receives an initial cash deposit of N3000 is in a position to lend out?

A. N9,000
B. N3,330
C. N2,770
D. N2,100

Question 43 :

• JAMB 1999

Non-bank financial intermediaries do not?

A. Provide credit facilities
B. Accept deposits
C. Accept demand deposits
D. Sell shares

Question 44 :

• JAMB 1999

Bills of exchange originates from a?

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

Question 45 :

• JAMB 2001

An increase in the discount rate is an indication of a central bank's intention to pursue?

A. An expansionary monetary policy
B. A disciplined monetary policy
C. A dynamic monetary policy
D. A contractionary monetary policy