Money And Capital Markets Jamb Economics Past Questions
Question 1
A capital market differs from the money market in that in the former ________?
- A. The percentage of interest charged is more
- B. Loan sought is long term
- C. Loan repayment is guaranteed
- D. Loan sought is short-term
Question 2
Short-term loans for investment are usually obtained through the
- A. stock market
- B. development banks
- C. money market
- D. capital market
Question 3
Life insurance companies contribute to economic development by holding a part of their assets in
- A. long-term financial instruments
- B. money market instruments
- C. cash and near money
- D. short-term financial instruments
Question 4
The major function of money market is to
- A. provide funds for long-term financing
- B. provide funds short-term financing
- C. stabilize the value of the local currency
- D. stabilize domestic prices
Question 5
The Nigerian bank for commerce and industry is?
- A. a commercial bank
- B. a development bank
- C. an industrial bank
- D. a merchant bank
