JAMB Economics · National income, money and public finance
Money and inflation: JAMB Economics Past Questions and Answers
What the JAMB syllabus covers in Money and inflation
Our summary: What money is and does, the quantity theory of money, and the measurement and control of inflation and deflation.
- Types, characteristics and functions of money
- Demand for money and the supply of money
- Quantity theory of money (Fisher equation)
- The value of money and the price level
- Inflation (types, measurements, effects and control.)
- Deflation (measurements, effects and control.)
Objectives
- explain the types, characteristics and functions of money;
- identify the factors affecting the demand for and the supply of money;
- examine the relationship between the value of money and the price level;
- identify the components in the quantity theory of money;
- examine the causes and effects of inflation;
- calculate the consumer price index;
- interpret the consumer price index;
- examine ways of controlling inflation;
- examine the causes, measurement, effects and control of deflation.
Syllabus content © The Joint Admissions and Matriculation Board (UTME).
JAMB Economics questions on Money and inflation
- JAMB 2024Persistent fall In the general price level is known as
- JAMB 2024If two bags of rice were sold for 1,250 a month ago and two weeks later, the same amount was used to procure one bag. This simply means that the value of money…
- JAMB 2024Holding money to take care of contingencies is
- JAMB 2024The main disadvantages of deflationary policies is
- JAMB 2023A persistence rise in the prices of inputs will lead to
- JAMB 2023The demand for money will fall if
- JAMB 2023… is presently used in Nigeria to measure inflation
- JAMB 2023The "velocity" of money is
- JAMB 2023An increase in nominal income without increase in price will result to
- JAMB 2023Identify one of the following which can NOT be used to close deflationary gap
- JAMB 2023An increase in total production (real GDP) causes the demand for money to … and the interest rate to …
- JAMB 2023Which of the following will cause an increase in cost of production?
- JAMB 2022The use of the bank rate, cash ratio and open market operations constitute
- JAMB 2022Demand-pull inflation is likely to be caused by
- JAMB 2022An example of commodity money is
- JAMB 2022If the Central Bank increases its bank rate
- JAMB 2022What happens when the central bank increases the bank rate in an economy
- JAMB 2022If inflation is anticipated, people may
- JAMB 2022Holding money to take care of contingencies is
- JAMB 2022If a housewife has meat and wants tomatoes, she must find someone who has tomatoes to give and wants meat. This concept is described as
- JAMB 2021Inflation can be curbed by …
- JAMB 2021In Nigeria, cheques are not money because …
- JAMB 2021Inflation is likely to benefit …
- JAMB 2021Money becomes a very poor store of value in a period of …
- JAMB 2021The value of money depends primarily on …
- JAMB 2020Fiduciary issue is that part of?
- JAMB 2020Which of the following is likely to be inflationary
- JAMB 2020To control inflation, the monetary authorities of a country can
- JAMB 2020The most important attribute of money is?
- JAMB 2020One of the techniques of monetary control used by the central bank of Nigeria is
- JAMB 2020A major factor affecting the value of money is the?
- JAMB 2019The second equation of exchange is …
- JAMB 2019The purchasing power of money depends upon the …
- JAMB 2019Restrictive monetary policy is designed to curtail aggregate demand and to overcome …
- JAMB 2019An economic condition in which much reduced economic activity co-exists with inflation is referred to as …
- JAMB 2019The term M ^3 comprises M ^1 together with deposits on deposit account held by …
- JAMB 2019The money market equilibrium is defined as …
- JAMB 2019A contractionary monetary policy is used to control …
- JAMB 2018Commercial bank reserves at the Central Bank …
- JAMB 2018The savings deposit in a commercial bank is called … ?
- JAMB 2017Cost - push inflation occurs when …
- JAMB 2016The type of inflation that emanates from excess demand overs supply is … ?
- JAMB 2016If Mr Wale took a loan for the purpose of investment, the demand for money is … ?
- JAMB 2015The relationship between the cost of living and standard of living is
- JAMB 2015The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
- JAMB 2015The total stock of money available for use in an economy is
- JAMB 2015A commercial bank can create money by
Years with Money and inflation questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015