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...
by Sunday | Oct 23 | Economics JAMB
A. cartel B. collusion C. haggling D. specialization Correct Answer: Option A – cartel Explanation A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. It is a group of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.