Types And Functions Of Financial Institutions - Economics Jamb 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

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

A. Monetary policy
B. Fiscal policy
C. Credit ceiling
D. Open market operation

Question 3 :

• JAMB 2019

Mortgage banks give loans to investors on a long term basics to_____________

A. Finance agriculture
B. Establish banks
C. Acquire machinery
D. Build houses

Question 4 :

• JAMB 2019

The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?

A. Commercial bank
B. Central bank
C. Mortgage bank
D. Merchant bank

Question 5 :

• JAMB 2017

Which of the following institutions does not operate in the money market?

A. Central bank
B. Mortgage banks
C. Money deposit banks
D. Insurance companies