Traditional banks - 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 2015

A commercial bank can create money by

A. Issuing currency
B. Increasing cash ratio
C. Issuing cheque
D. Lending to borrowers

Question 3:

• JAMB 1978

A commercial bank is unique in that it is the only institution that

A. Makes loans to private people and businessmen
B. Accept deposits
C. Can store peoples' valuables
D. Can transfer money from one place to another for its customers
E. Saves money through the granting of credits