Jamb Economics Past Questions For Year 1990
Question 31
Capital provided by individuals to the firm by purchasing stocks is called?
- A. debt capital
- B. fixed capital
- C. circulating capital
- D. equlity capital
Question 32
Under a system of freely floating exchange rates an increase in the international value of a country's currency will cause?
- A. its exports to rise
- B. its imports to rise
- C. gold to flow into that country
- D. its currency to be in surplus
Question 33
A tax on a commodity whose supply is perfectly inelastic is?
- A. shifted completely on the consumer
- B. completely borne by the supplier
- C. dividend in the ratio 60;40 between the consumer and the supplier
- D. divided half-and-half between the producer and the consumer
Question 34
Which of the following is a liability of a commercial bank?
- A. Deposits in bank
- B. loans made by the bank to individuals
- C. loans made by the bank to other banks
- D. Bonds purchased by the bank
Question 35
Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%
- A. 700.00
- B. 600.00
- C. 500.00
- D. 400.00
