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...
by Sunday | Oct 22 | Economics JAMB
A. transactionary B. speculative C. precautionary and speculative D. transactional and speculative Correct Answer: Option A – transactionary
by Sunday | Oct 22 | Economics JAMB
A. interest rate B. level of income C. exchange rate D. inflation rate Correct Answer: Option A – interest rate Explanation The speculative demand for money is simply a need for money for investment purposes, which is indirectly influenced by interest rates....