by Sunday | Oct 22 | Economics JAMB
A. long-term financial instruments B. money market instruments C. cash and near money D. short-term financial instruments Correct Answer: Option C – cash and near money Explanation Life insurance is a contract in which an insurer (insurance company) in exchange...
by Sunday | Oct 22 | Economics JAMB
A. increase the profitability of multinational businesses B. improve the country’s GDP C. achieve higher standard of living for the citizens D. deregulate the economy Correct Answer: Option C – achieve higher standard of living for the citizens Explanation...
by Sunday | Oct 22 | Economics JAMB
A. decrease in the corporate profit tax rates B. decrease in welfare payments C. purchase of government securities D. decrease in the bank rate Correct Answer: Option A – decrease in the corporate profit tax rates Explanation Expansionary fiscal policy is when...
by Sunday | Oct 22 | Economics JAMB
A. partly on agents and users B. entirely on users C. entirely on owners D. partly on users and owners Correct Answer: Option C – entirely on owners Explanation The seller is responsible for the maintenance of the property, any repairs and for paying property...
by Sunday | Oct 22 | Economics JAMB
A. fluctuate B. rise C. fall D. remain unchanged Correct Answer: Option B – rise Explanation The interest rates will be high if CBN reduces money supply. This is done to discourage borrowing and control the flow of money in the economy. It is mostly done when...
by Sunday | Oct 22 | Economics JAMB
A. Tariff on imports B. Tax rate C. Exchange rate D. Discount rate Correct Answer: Option D – Discount rate Explanation Discount rate is the minimum interest rate set by the central bank of a country. It is used in controlling inflation. We all know inflation is...