Determination of exchange rate - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

A. Volume of trade between countries
B. Direction of international trade
C. Commodity terms of trade
D. Volume of imports

Question 3:

• 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

Question 4:

• JAMB 1995

Foreign exchange rate in a free market economy is determined by?

A. The government
B. The Central Bank
C. Demand and supply
D. Commercial banks