by Sunday | Oct 23 | Economics JAMB
A. maintaining a stable price in the economy B. regulating monetary policies C. granting loans to customers D. issuing bank notes and coins Correct Answer: Option C – granting loans to customers Explanation The primary functions of a commercial bank are...
by Sunday | Oct 23 | Economics JAMB
A. increase in money supply in the economy B. reduce the cash reserve ratio for banks C. reduce money supply in the economy D. increase the capital base of commercial banks Correct Answer: Option C – reduce money supply in the economy Explanation By buying...
by Sunday | Oct 23 | Economics JAMB
A. unit of account B. store of value C. medium of exchange D. standard of deferred payment Correct Answer: Option C – medium of exchange Explanation The most important function of money is that it serves as a medium of exchange. By serving as a convenient medium...
by Sunday | Oct 23 | Economics JAMB
A. N 214 million B. N 45 million C. N 105 million D. N 500 million Correct Answer: Option B – N 45 million Explanation 1/(1-MPC) x 150 1/(1-0.7) x 150 = 45m
by Sunday | Oct 23 | Economics JAMB
A. boom B. inflation C. deflation D. recession Correct Answer: Option C – deflation Explanation A small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending...
by Sunday | Oct 23 | Economics JAMB
A. level of income B. level of consumption C. level of investment D. rate of savings Correct Answer: Option A – level of income Explanation National income accounting is a double-entry accounting system used by the government to measure how well a...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.