Types Characteristics And Functions Of Money - Economics Jamb Past Questions and Answers

Question 1 :

• JAMB 2019

The money market equilibrium is defined as_________

A. When the demand and supply of money are equal
B. When demand is greater than supply of money
C. When demand is less than supply of money
D. When supply is greater than demand for money

Question 2 :

• JAMB 2018

The term "Money at call and short notice" in a bank's assets represents the bank's loans to______

A. Industry and commerce
B. Overseas central banks
C. The capital market
D. The money markets

Question 3 :

• JAMB 1981

The function of money as a standard of deferred payments

A. Make possible for an individual to build up store of many things for future use
B. Makes it possible for payment to be postponed from the present to a future date
C. Facilitate the exchange of goods
D. Makes easy calculations possible
E. None of the above

Question 4 :

• JAMB 1981

Which of the following does NOT belong in respect of the quantity of money?

A. Durability
B. Division into the smallest units of value
C. Portable
D. Identifiable by all
E. Measure of value

Question 5 :

• JAMB 1983

Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?

A. Money is regarded as a medium of exchange
B. Measure for value
C. Unit of account
D. Store of value
E. Standard for deferred payments