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Thursday, 02 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 1366:
Crude petroleum is a good example of a?
  • A Lasting asset
  • B Wasting asset
  • C Synthetic product
  • D Costless resources
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Question 1367:
One of the techniques of monetary control used by the Central Bank of Nigeria is?
  • A Selective credit control
  • B Budget deficit
  • C Foreign exchange control
  • D Monitoring the general price level
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Question 1368:
Which of the following is true about the value of money?
  • A It varies inversely with the price level
  • B It varies directly with the price level
  • C It depreciates in the period of deflation
  • D It is not affected by the price level
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Question 1369:
If the reserve requirement for commercial banking in Nigeria were 30%, a commercial bank which receives an initial cash deposit of N3000 is in a position to lend out?
  • A N9,000
  • B N3,330
  • C N2,770
  • D N2,100
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Question 1370:
An issue of bank-notes not backed by gold but by government securities is known as?
  • A Fiduciary isssue
  • B Guaranteed money
  • C Seignior age
  • D Legal tender
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