1.

Whoi
sthel
eaderoft
heCl
assi
cal
School
___
___
_?

a.JohnWel
l

b.I
rvi
ngFi
sher

c.JohnKey
nes

d.Adam Smi
th

2.Thespeedatwhi
chmoneychangeshandf
rom onei
ndi
vi
dual
l
ytoanot
heri
sknownaswhat
?

a.Suppl
yofmoney

b.Vel
oci
tyofmoney

c.St
ockofmoney

d.Val
ueofmoney

3.Val
ueofmoneycanbedescr
ibedast
hewor
thofmoneyor_
___
___
?

a.St
ockofmoney

b.Val
ueofmoney

c.Vel
oci
tyofmoney

d.Pur
chasi
ngpowerofmoney

4.Assumpt
ionsofFi
sher
'sEquat
ionofExchangei
ncl
udest
hef
oll
owi
ngexcept

a.Moneysuppl
yisv
ari
abl
e

b.Ful
lempl
oyment

c.Tr
ansact
ioni
sconst
ant

d.Vel
oci
tyofci
rcul
ati
onmustbef
ixed

5.Whi
choft
hesef
act
orsdonotaf
fectTr
ansact
ionMot
ive?

a.Spendi
nghabi
t

b.Ti
me

c.I
ncomel
evel

d.Sav
inghabi
t
6.Ant
ici
pat
ionf
orhi
gherr
etur
nsoni
nvest
menti
sther
easonf
ordoi
ng_
___
___
__?

a.Sav
ing

b.Specul
ati
ng

c.Bor
rowi
ng

d.Spendi
ng

7.Thef
unct
ionsofmoneycanbecat
egor
izedi
ntohowmany
?

a.Two

b.Thr
ee

c.Four

d.Fi
ve

8.Thet
wot
ypesofmonet
arypol
i
cyar
e:

a.Expansi
onar
yandf
iscal

b.Fi
scal
andcont
ract
ionar
y

c.Descr
ipt
iveandi
nfer
ent
ial

d.Expansi
onar
yandcont
ract
ionar
y

9.The“
V”i
nthequant
it
yequat
ionofexchangeMV=PTst
andsf
or?

a.Val
ueofmoney

b.Suppl
yofmoney

c.Quant
it
yofgoods

d.Vel
oci
tyofci
rcul
ati
on
10.__
___
_isasituat
ioni
naneconomywhenpeopl
ear
enol
ongerwi
l
li
ngt
oinv
estasar
esul
tof
fal
l
enint
erestr
ate

a.Li
qui
dit
ygap

b.Li
qui
dit
yrat
e

c.Li
qui
dit
ytr
ap

d.Def
lat
ion

11.Whosawmoneyasacapi
tal
tool
/i
tem t
hatcany
iel
dret
urnsasi
tpr
ovi
deser
vices?

a.Fr
iedman

b.Fi
sher

c.Key
nes

d.Smi
th

12.“
Moneyi
swhatmoneydoes”waspr
opoundedbywho?

a.Hi
cks

b.Key
nes

c.Fi
sher

d.Fr
iedman

13.Al
lbutonei
sthef
eat
uresofmoney

a.Accept
abi
l
ity

b.Homogenei
ty

c.St
abi
l
ity

d.Noneoft
heabov
e

14.Whi
choft
hef
oll
owi
ngi
snotamongt
het
ypesofmoney
?

a.Dur
abl
emoney

b.Commodi
tymoney

c.Tokenmoney

d.Fi
atmoney
15._
___
___
_ref
erst
othesuppl
yorquant
it
yofmoneyav
ail
abl
einaneconomy

a.Pr
icei
ndex

b.Val
ueofmoney

c.Vel
oci
tyofmoney

d.St
ockofmoney

16.Thev
alueofmoneycanbemeasur
edbyt
heuseofwhat
?

a.Paperi
ndex

b.Pr
icei
ndex

c.Val
uei
ndex

d.St
ocki
ndex

17.Accordi
ngt
otheCl
assi
cal
School
,moneysuppl
yhaswhatef
fectonpr
iceofgoodsand
serv
ices?

a.Di
rectef
fect

b.I
ndi
rect

c.Cr
eepi
ng

d.Noneoft
heabov
e

18.Hi
cks(
1967)
,decl
areswhat
?

a.Vel
oci
tyofmoney

b.Quant
it
yequat
ionofexchange

c.Nar
rowandbr
oadmoney

d.Moneyi
swhatmoneydoes

19.Thedemandf
ormoneyi
sknownaswhat
?

a.Li
qui
dit
ytr
ansact
ion

b.Li
qui
dit
ypr
efer
ence

c.Li
qui
dit
ylev
el

d.Vel
oci
tyofmoney
20.Theschool
ofthoughtthatbel
i
evesthatgov
ernmenti
nter
vent
ionwi
l
ldef
ini
tel
yhel
pimpr
ove
acountr
y'
seconomicperformanceareknownas

a.TheCl
assi
cal
School

b.TheKey
nesi
anSchool

c.TheFi
sherSchool

d.ThePl
atoni
cSchool

21.TheCl
assi
cal
viewcanbeseenasan

a.I
nvi
sibl
eey
e

b.Vi
si
blehand

c.I
nvi
sibl
eey
e

d.I
nvi
sibl
ehand

22.TheKey
nesi
ansbel
i
evei
n__
___
__?

a.Sel
fregul
ator
yeconomy

b.Demandandsuppl
y

c.Gov
ernmenti
nter
vent
ion

d.I
nvi
sibl
ehand

23.Whi
choft
hef
oll
owi
ngi
snotamongt
hef
iscal
pol
i
cyt
ool
susedbyt
hegov
ernment
?

a.Taxat
ion

b.Budget

c.Gov
ernmentexpendi
tur
e

d.Noneoft
heabov
e

24.Theuseofl
egal
l
yper
missi
bleway
stor
educet
axbur
deni
sknownas

a.Taxev
asi
on

b.Taxav
oidance

c.Taxski
ppi
ng
d.Taxhol
i
day

25._
___
___t
ool
sar
eusedt
omani
pul
atemoneysuppl
y?

a.Di
rect

b.I
ndi
rect

c.Cur
rency

d.Heav
y

26.OpenMar
ketOper
ati
on(
OMO)i
swhatki
ndofmonet
aryi
nst
rument
?

a.Det
ergentt
erm

b.Medi
um t
erm

c.Longt
erm

d.Shor
tter
m

27.Abudgeti
nwhi
cht
heexpect
edexpendi
tur
eisequal
tot
heexpendedr
evenuei
scal
l
edwhat
?

a.Sur
plusbudget

b.Def
ici
tbudget
c.Bal
ancedbudget

d.I
mbal
ancedbudget

28.Whengovernmentwant
stopumpmor
emoneyi
ntot
heeconomywhi
choft
hesebudget
s
wil
lbeemployed?

a.Def
ici
tbudget

b.Sur
plusbudget

c.CBNbudget

d.Bal
ancedbudget

29.Whi
choft
hef
oll
owi
ngi
snotanobj
ect
iveoff
iscal
pol
i
cy?

a.Pr
iceSt
abi
l
ity

b.St
abl
eexchanger
ate

c.Def
ici
tBudget

d.Equi
tabl
eincomedi
str
ibut
ion

30.Whati
sfi
scal
pol
i
cy?

a.Theuseofgov
ernmentbudget

b.Theuseofgov
ernmentbudgetandbor
rowi
ng

c.Theuseofgov
ernmentbudget
,taxesandbor
rowi
ng

d.Al
loft
heabov
e

31.Fi
scal
measur
esusedi
ncont
rol
l
ingi
nfl
ati
oni
ncl
udeal
loft
hef
oll
owi
ngexcept

a.I
ncr
easet
ax

b.Reducepubl
i
cspendi
ng

c.I
ncr
easei
nsav
ings

d.Cr
edi
tcont
rol

32.Oneoft
hesei
sat
heor
yofi
nfl
ati
on

a.Demandpul
l
edi
nfl
ati
on

b.Demandpushedi
nfl
ati
on
c.Costpul
li
nfl
ati
on

d.Al
loft
heabov
e

33._
___
___
_isamonet
arymeasur
eusedi
ncont
rol
l
ingi
nfl
ati
on

a.Sur
plusbudget
ing

b.encour
agementofhousehol
dsav
ing

c.Sel
ect
ivecr
edi
tcont
rol

d.I
ncr
easei
nsav
ings

34._
___
___
isat
ypeofi
nfl
ati
on

a.Cr
eepi
ngi
nfl
ati
on

b.Wal
ki
ngi
nfl
ati
on

c.Hy
peri
nfl
ati
on

d.Al
loft
heabov
e

35.Whi
choft
hef
oll
owi
ngi
snotoneoft
heef
fect
sofi
nfl
ati
oni
ntheeconomy

a.Bor
rower
swi
l
lgai
n

b.Fi
xedi
ncomeear
ner
swi
l
llose

c.Consumer
swi
l
lgai
n

d.Sal
aryear
ner
swi
l
lsuf
fer

36.Fi
scal
Measur
esusedi
ncont
rol
l
ingi
nfl
ati
oni
ncl
udeal
loft
hef
oll
owi
ngexcept

a.Cr
edi
tcont
rol

b.Reduct
ioni
npubl
i
cspendi
ng

c.I
ncr
easei
nsav
ings

d.I
ncr
easei
ntaxes

37.Thequani
tyt
heor
yofmoneyi
sal
soknownas

a.Fi
sher
ianTheor
y

b.Key
nesi
anTheor
y
c.Cambr
idgeTheor
y

d.Noneoft
heabov
e

38.Giv
ent hati
naneconomy,
general
pricel
evel
isN10,
moneysuppl
yisN70,numberof
tr
ansacti
onsis30andthenumberofti
mesmoneychangeshandsi
s4times,
deter
minethe
val
ueofmoney

(
a)8/
28(
b)2/
28(
c)1/
28(
d)1/
7

39.Thechoi
cei
ntheuseoff
iscal
andmonet
arypol
i
cydependson

a.Thei
mpor
tancet
hesoci
etyat
tachest
oexpandi
ngcur
rentconsumpt
ion

b.I
nfl
ati
on

c.I
nter
estr
ate

d.I
ncome

40.Whi
choft
hef
oll
owi
ngi
snotani
nst
rumentoff
iscal
pol
i
cy

a.OMO

b.Taxes

c.Gov
ernmentExpendi
tur
e

d.Publ
i
cDebt

41._
___
_demandf
ormoneyi
sinv
ersel
yrel
atedt
oint
erestr
ate

a.Pr
ecaut
ionar
y

b.Tr
ansact
ionar
y

c.Specul
ati
ve
d.al
loft
heabov
e

42.Whati
sthef
ull
meani
ngofFDI
?

a.Feder
alDev
elopmentI
nit
iat
ive

b.Feder
ati
onDev
elopment
alI
nvest
ment

c.For
eignDev
elopmentI
nit
iat
ive

d.For
eignDi
rectI
nvest
ment

43._
___
__economydoesnoti
nvol
vet
heuseofmoney

a.Mi
xedEconomy

b.Bar
terEconomy

c.Tr
adi
ti
onal
Economy

d.Noneoft
heabov
e

44.Whi
choft
hef
oll
owi
ngi
sanon-
mar
ketbasedi
nst
rument

a.OMO

b.Redi
scountr
ate

c.Legal
reser
ver
equi
rement

d.Mor
alsuasi
on

45.Equat
ionofExchangei
sassoci
atedwi
th
a.Par
eto

b.I
rvi
ngFi
sher

c.Adam Smi
th

d.Key
nes

46.Themai
npr
oponentofmoneyi
s

a.JohnMay
nar
dKey
nes

b.AdamsSmi
th

c.I
rvi
ngFi
sher

d.Mi
l
tonFr
iedman

47.Thef
ull
meani
ngofNEXI
Mis

a.Ni
ger
iaExpor
tandI
mpor
tBank

b.Nat
ional
Expor
tandI
nter
nat
ional
Bank

c.Ni
ger
iaExpor
tImpor
tBank

d.Ni
ger
iaEmer
gencyandI
mpor
tBank

48.TheGov
ernmentpr
omul
gat
edt
hef
ir
stbanki
ngor
dinanceacti
n

(
a)1950(
b)1951(
c)1952(
d)1953

49.Ti
meandSav
ingsdeposi
taswel
lasot
herl
i
qui
dasset
sar
ecal
l
ed

a.Quasi
ornearmoney
b.Quasi
orf
iatmoney

c.Noneoft
heabov
e

d.Al
loft
heabov
e

50.Themonet
aryaggr
egat
eknownasM1i
smadeupof

a.Cashanddemandandsav
ingsdeposi
t

b.CashandSav
ingsdeposi
tandt
imedeposi
t

c.Cashanddemanddeposi
t

d.Cashanddemanddeposi
tandsav
ingsdeposi
tandt
imedeposi
t

51.Wi
thoutmoney
,the_
___
___
_wi
l
lbei
noper
ati
ve

a.Pr
icemechani
sm

b.Resour
ceal
l
ocat
ionsy
stem

c.Bot
hAandB

d.Noneoft
heabov
e

52.Nearmoneyandquasi
moneyar
e

a.Fi
nanci
alasset
sthatcaneasi
l
ybeconv
ert
edi
ntomoney

b.Fi
nanci
alasset
sli
kesav
ingsandt
imedeposi
t

c.Al
loft
heabov
e

d.Noneoft
heabov
e
53.Thest
udyofmoneyi
scal
l
ed

a.Numer
ic

b.Numer
ical

c.Numi
smat
ics

d.Numer
ixes

54.Thet
otal
moneycr
eat
edi
s__
___
___
___
_rel
atedt
other
eser
ver
equi
rement

a.Di
rect
ly

b.Pr
opor
ti
onal
l
y

c.I
nver
sel
y

d.Posi
ti
vel
y

55.Themaj
ordr
awbackoft
hecl
assi
cal
appr
oacht
othedemandf
ormoneyi
s

a.Thenegl
ectofAssetf
unct
ionofmoney

b.I
ncomePat
ter
n

c.I
nfl
ati
onTr
end

d.Al
loft
heabov
e

56._
___
___
ist
het
ypeofmoneywhosei
ntr
insi
cval
uei
sequal
tot
hef
acev
alue

a.Subsi
diar
ymoney

b.Repr
esent
ati
veMoney

c.St
andar
dMoney
d.Met
all
i
cMoney

57.Thet
ypeofmoneythathasbeendecl
aredl
egal
tenderbyGov
ernmentbutnotbackedby
physi
cal
commodit
yis_
_ _
_____
_

a.TokenMoney

b.Fi
atMoney

c.Commodi
tyMoney

d.Met
all
i
cmoney

58._____
_def
inedmoneyasanyassett
hati
scapabl
eofser
vingasat
empor
aryabodeof
purchasi
ngpower

a.Radi
ffCommi
tt
ee

b.Chi
cagoorMonet
ari
stsSchool

c.Legal
def
ini
ti
on

d.Br
it
ishBanki
ngSchool

59._
___
___
___
__and_
___
___
___
_canbecl
assi
fi
edundermonet
arysy
stem

a.Legal
andLi
mit
edLegal
Tender

b.Met
all
i
candnon-
legal
Tender

c.Met
all
i
candSt
andar
d

d.Fi
atandunl
i
mit
edl
egal
tender

60.Thef
oll
owi
ngar
efunct
ionsofmoneyexcept
a.Uni
tofAccount

b.St
andar
dofdef
err
edpay
ment

c.Measur
eofVal
ue

d.Cr
eat
ionofEmpl
oyment

61.Whatdoest
heM st
andf
ori
ntheequat
ionMV=PT

a.Moneysuppl
y

b.I
mpor
t

c.Mot
ion

d.Demandf
ormoney

62.Whowr
otet
hebook“
TheGener
alTheor
yofEmpl
oyment
,Int
erestandPr
ices”
?

a.Key
nes

b.I
rvi
ngFi
sher

c.Mi
l
tonFr
iedman

d.JohnWel
l

63.I
fthetot
almoneycr
eatedi
naneconomyi
sN240Mi
l
li
onandt
hei
nit
ial
deposi
tisN15Mi
l
li
on,
ther
eserv
erequi
rementr
atioi
s

(
a)16%

(
b)8%

(
c)6.
25%

(
d)12.
5%
64.Ifthereser
verequi
rementi
s6.25%andisincr
easedby100%,
det
ermi
net
het
otal
money
createdfr
om aninit
ial
deposi
tofN15mil
li
on(a)240M

(
b)180M

(
c)120M

(
d)480M

65.Iftheini
ti
aldeposi
tofN15M i
sdecr
easedby25%.Whati
sthet
otal
moneycr
eat
edwi
tha
reserv
er equi
rementof6.
25%

(
a)240M

(
b)180M

(
c)120M

(
d)300M

66.I
ftheini
ti
aldeposi
tofN15M i
sdecreasedby25%andt
her
eser
ver
equi
rementof6.
25%i
s
i
ncreasedby100%,deter
minet
hetotal
moneycr eat
ed

(
a)240M

(
b)180M

(
c)120M

(
d)90M

67.Quant
it
ytheor
yofmoneybel
i
evest
hatmoneysuppl
yhasa_
___
___
rel
ati
onshi
pwi
tht
hepr
ice
l
evel

a.Di
rectandpr
opor
ti
onal

b.I
nver
se
c.I
ndi
rect

d.Noneoft
heabov
e

68.____
___
_ismor
eorl
essanappeal
tot
hecommer
cial
banksbyt
heCent
ral
Bankt
obehav
ein
cert
ainways?

a.Speci
aldeposi
ts

b.Speci
aldi
rect
ives

c.Mor
alsuasi
on

d.Openmar
ketoper
ati
on(
OMO)

69.Thebuyi
ngandsell
i
ngofsecur
it
iesbyt
heCent
ral
Banki
nor
dert
ocont
rol
thev
olumeof
moneyintheeconomyisknownas

a.Mor
alsuasi
on

b.Openmar
ketoper
ati
on(
OMO)

c.Di
scountr
ate

d.Cashr
eser
ver
ati
o

70.Di
scountRat
eisal
soknownas

a.Li
qui
dit
yrat
e

b.Cashr
eser
ver
ati
o

c.Speci
aldeposi
ts

d.Bankr
ate

71.Thedemandf
ormoneyt
otakecar
eofunf
oreseencont
ingenci
esi
scal
l
ed
a.Tr
ansact
ionMot
ive

b.Pr
ecaut
ionar
ymot
ive

c.Specul
ati
vemot
ive

d.Acci
dentmot
ive

72.Demandformoneyt
omeetday
-to-
dayt
ransact
ionssuchaspur
chasesoff
ood,
clot
hings,
bookset
cisknownas____
___
_?

a.Tr
ansact
ionmot
ive

b.Specul
ati
vemot
ive

c.Pr
ecaut
ionar
ymot
ive

d.I
nter
estmot
ive

73.Thedesi
retohol
dcashbal
ancesi
nor
dert
oembar
konspecul
ati
vedeal
i
ngsi
nthebond
marketi
scall
ed____
___
__

a.I
nter
estmot
ive

b.Tr
ansact
ionmot
ive

c.Pr
ecaut
ionar
ymot
ive

d.Specul
ati
vemot
ive

74.Therat
eatwhichtheCentr
alBankchargesint
erestoncommerci
alandotherf
inanci
al
i
nsti
tut
ionsfordi
scount
ingbi
l
lofexchangeorlendi
ngt ocommer
cialbanksi
sknownas_ ___
_

a.Bank/
Discountr
ate

b.Bank/
moneyr
ate

c.Di
scount
/cashr
ate
d.Cash/
moneyr
ate

75.I
ftheCBNwant
stopumpmoneyi
ntot
heeconomy
,thedi
scountr
atewi
l
lbe

a.I
ncr
eased

b.Reduced

c.I
nfl
ated

d.Deposi
ted

76.Thegov
ernmentpr
omul
gat
edt
hef
ir
stbanki
ngor
dinancei
nthey
ear
?

a.1950

b.1951

c.1952

d.1953

77.Themai
npr
oponentoft
hemonet
ari
stt
heor
yofmoneyi
s__
__?

a.JohnMay
nar
dKay
nes

b.JohnWel
l
s

c.I
rvi
ngFi
sher

d.Mi
l
tonFr
iedman

78.Thet
hreebasi
cty
pesoff
inanci
ali
nst
it
uti
onsi
nanyf
inanci
alsy
stem ar
e__
___
___
_
a.Regul
ator
ybodi
es,
financi
ali
nst
it
uti
onsandi
nsur
ancecompani
es.

b.Regul
ator
y&super
visor
yinst
it
uti
ons,
banki
ngf
inanci
ali
nst
it
uti
onandi
nsur
ancecompani
es.

c.Regul
ator
y&super
visor
yinst
it
uti
on,
banki
ngf
inanci
ali
nst
it
uti
onandnonbanki
ngf
inanci
al
i
nsti
tuti
on.

d.Al
loft
heabov
e.

79.Bef
oret
headv
entoft
hemonet
aryeconomy
,ther
ewasi
nexi
stencea_
___
___
___
_

a.Fi
scal
syst
em

b.Bar
tersy
stem

c.Specul
ati
vesy
stem

d.Scar
cesy
stem

80.Ther
eisnowi
thdr
awal
orl
eakageunderwhatsy
stem

a.Opensy
stem

b.Cl
osesy
stem

c.Har
dsy
stem

d.Moneysy
stem

81._
___
___
___arethebodi
eschar
gedwi
tht
her
esponsi
bil
i
tyofmov
ingf
undsf
rom t
hesuppl
y
uni
ttot
hedefi
cituni
ts?

a.Fi
nanci
ali
nter
medi
ari
es

b.I
nsur
ancecompani
es

c.Feder
alMor
tgageBankofNi
ger
ia(
FMBN)
d.Mer
chantbanks

82.Treasurybi
ll
s,t
reasur
ycerti
fi
cat
es,
commercial
paper
s,cer
ti
fi
cat
eofdeposi
ts,
andbanker
's
acceptancearei
nstrumentst
radedi
nwhichmarket
?

a.Capi
tal
mar
ket

b.St
ockmar
ket

c.Moneymar
ket

d.Pr
oductmar
ket

83.Thatf
ull
namef
orNEXI
Mis_
___
___
_

a.Nat
ional
expor
tandi
mpor
tbank

b.Nat
ional
expor
tandi
nter
nat
ional
bank

c.Ni
ger
iaexpor
tandi
mpor
tbank

d.Ni
ger
ianemer
gencyandexpor
t/i
mpor
tmanagement

84.Thef
ull
makef
orNSI
FFi
s__
___
___
_

a.Ni
ger
iansoci
ali
nsur
anceandt
echni
cal
fund

b.Nat
ional
soci
ali
nsur
anceandt
echni
cal
fund

c.Ni
ger
iansoci
etal
insur
anceandt
rustf
und

d.Ni
ger
iansoci
ali
nsur
ance&t
rustf
und

85.Af
ri
canbanki
ngcor
por
ati
oncamei
ntoexi
stencei
nthey
ear_
___
___
__
a.1881

b.1882

c.1883

d.1884

86.Whi
choft
hesei
snotadev
elopmentbanki
nNi
ger
ia

a.Ni
ger
ianI
ndust
ri
alDev
elopmentBank(
NIDB)

b.Ni
ger
ianBankf
orCommer
ce&I
ndust
ry(
NBCI
)

c.Af
ri
canCont
inent
alBank

d.Feder
alMor
tgageBankofNi
ger
ia

87.TheBankofI
ndust
ry(
BIO)f
ormedi
n2001i
sanamal
gram of

a.TheNI
DB,
theNBCIandt
heFMBN

b.TheNBCI
,theUDBNandNERFUND

c.TheNI
DC,
theNBCIandNERFUND

d.TheNACB,
theNI
DBandDBCI

88.Thequant
it
yequat
ionofexchanget
heor
ywasdev
elopedbyAdam Smi
thbutpopul
ari
zedby
___
____

a.Dav
idRi
car
do

b.I
rvi
ngFi
sher

c.J.M.Key
nes

d.Noneoft
heabov
e
89.Al
lthesear
emonet
arymeasur
esexcept_
___
___
__

a.Openmar
ketoper
ati
on

b.Mor
alsuasi
on

c.Budget
ingandt
axat
ion

d.Di
scountr
ate

90.Asui
tabl
epol
i
cyt
orest
oreequi
l
ibr
ium i
neconomydur
ingeconomi
crecessi
oni
s__
___
__

a.Expansi
onar
ymonet
arypol
i
cy

b.Cont
ract
ionar
ymonet
arypol
i
cy

c.Exchangepol
i
cy

d.Fi
nanci
alpol
i
cy

91.
Givenani
nit
ial
deposi
tofN5,
000andareser
ver
ati
oof25%,
whati
sthemaxi
mum deposi
tto
becreat
edbyJohnWell
sbankNi
geri
aPlc?

a.N200,
000

b.N20,
000

c.N2,
000

d.N50,
000

92.Basedont
hei
nfor
mat
ioni
nquest
ion91abov
ewhatshoul
dbet
hebankdeposi
tmul
ti
pli
er?

a.2.
6
b.4

c.0.
25

d.25%

93.Theacqui
sit
ionofcapi
tal
asset
stoenhancepr
oduct
ivi
tyi
scal
l
ed

a.Capi
tal
appr
eci
ati
on

b.Capi
tal
for
mat
ion

c.Capi
tal
str
uct
ure

d.Capi
tal
rat
ioni
ng

94.Aper
sist
entr
iseori
ncr
easei
nthegener
alpr
icel
evel
ofcommodi
ti
esi
napar
ti
cul
arper
iod
ofti
meis

a.I
nfl
ati
on

b.Def
lat
ion

c.St
agf
lat
ion

d.Noneoft
heabov
e

95.Asit
uat
ionwherestagnancyasar
esul
tofunempl
oymentandi
nfl
ati
onbei
ngt
heor
derof
thedayper
sisti
scal
led_____
____

a.Hy
peri
nfl
ati
on

b.I
nfl
ati
on

c.St
agf
lat
ion

d.Demandpul
li
nfl
ati
on

96.Thecommuni
tybankscomeasar
esul
tof_
___
___
__
a.Communi
tybanksdecr
eeof1946

b.Communi
tybankdecr
ee46of1946

c.Communi
tybankdecr
ee46of1992

d.Communi
tybankdecr
ee92of1992

97._
____
____banksweredesi
gnedmaj
orl
ytotakecareoftheur
banpoorandt
herural
masses
i
nordertoempowerthem,bymakingf
undsav
ailabl
etothem i
nver
ysmallamount
s.

a.Speci
ali
zedbanks

b.Speci
fi
cbanks

c.Speci
albanks

d.Speci
fi
edbanks

98.TheCent
ral
BankofNi
ger
iawasest
abl
i
shedi
nthey
ear_
___andst
art
edoper
ati
oni
nthe
year__
__

a.1956;
1957

b.1956;
1956

c.1957;
1958

d.1958;
1959

99.Ni
ger
iaDeposi
tInsur
anceCor
por
ati
on(
NDI
C)wasf
ormedi
nthey
ear_
___
_

a.1968

b.1978

c.1988
d.1998

100.Pr
otect
ionagai
nstr
iski
saf
unct
ionof_
___
___

a.Fi
nanci
almar
ket
s

b.Fi
nanci
ali
nst
it
uti
ons

c.Fi
nanci
alr
egul
ator
s

d.I
nsur
ancecompani
es

101.Themar
kett
hatdeal
swi
thbuy
ingofshor
tter
mfi
nanci
ali
nst
rument
sis_
___
___
_

a.Capi
tal
mar
ket

b.Shor
tter
m mar
ket

c.Moneymar
ket

d.Fi
nanci
almar
ket

102.Tr
easur
ybi
l
lshasa_
___
___
___mat
uri
typer
iodoft
ime.

a.81day
s

b.61day
s

c.91day
s

d.71day
s

103.Themai
nli
mit
ati
onofabar
tereconomyi
s__
___
___
_

a.I
nadequat
est
orageofv
alue

b.Exchangef
orcowsatt
heexpenseofwheat

c.Doubl
ecoi
nci
denceofwant
s
d.Al
loft
heani
me

104.Foreachgoodoneknowshowmanyunit
soft
heobj
ecti
vecal
l
edmoneymustbe
exchangedfort
hegood,t
hisf
ulf
ilt
he_
___
___
_useofmoney
.

a.Medi
um ofexchange

b.Uni
tofaccount

c.St
oreofv
alue

d.St
andar
dofdef
err
edpay
ment

105.Al
lbutonei
sachar
act
eri
sti
csofmoney
?

a.Di
vi
sibi
l
ity

b.Por
tabi
l
ity

c.Rel
ati
vel
yscar
ce

d.Noneoft
heabov
e

106.M2equal
s

a.Cash+quasi
money

b.M1+cash+quasi
money

c.M1+quasi
money

d.M1+bankdeposi
ts

107.Asi
tuat
ionwher
ebyhousehol
dsar
ety
ingt
obet
hri
ft
yiscal
l
ed_
___
___
_

a.Fl
owofsav
ings
b.Househol
dthr
if
t

c.Par
adoxoft
hri
ft

d.I
nvest
mentoft
imesav
ed

108.___
__ _
_ _
_occur swhensav
ingl
eadt
oeconomi
crecessi
onordepr
essi
oni
ftot
all
eakagesi
s
unequaltotali
nject
ions.

a.Par
adoxoft
hri
ft

b.Househol
dthr
if
t

c.Fl
owofsav
ings

d.Par
adoxofv
alue

109.JohnMaynardKey
nes,
theor
yofdemandf
ormoneycl
assi
fi
edt
her
easonsf
orhol
ding
moneyinto_
_____
__

a.Tr
ansact
ionar
y,sav
ings,
andi
nvest
ment

b.Tr
ansact
ionar
y,sav
ingsandi
nvest
ment

c.Tr
ansact
ionar
y,specul
ati
veaddpr
ecaut
ionar
y

d.Specul
ati
ve,
inv
est
mentandpr
ecaut
ionar
y

110.Bot
hmonet
aryandf
iscal
pol
i
ciesar
epar
tofpol
i
ciesknownas_
___
___
_

a.Reconci
l
iat
ionpr
ocess

b.Rehabi
l
itat
ionpr
ocess

c.St
abi
l
isat
ionpr
ocess

d.Pr
icecont
rol
process

111.
)Ther
easonwhywest
udymoneyandbanki
ngi
s:
(a)itaidsint
heunder
standi
ngofpubl
i
cpol
i
cyf
ormul
ati
on,
planni
ngandi
mpl
ement
ati
on
strategies

(
b)i
tenabl
espeopl
etounder
standhowmoneyi
scr
eat
edbybanksandt
hesuppl
yofmoney

(
c)i
tincr
easepeopl
e'
sunder
standi
ng

(
d)aandb

(
e)a,
bandc

112.
)TheNDI
Cini
tssuper
visor
yov
ersi
ghti
sconcer
nedwi
thoneoft
hef
oll
owi
ng

(
a)f
iscal
pol
i
cy

(
b)pr
int
ingofmoney

(
c)moni
tor
ingt
hebal
anceofpay
mentofNi
ger
iaeconomy

(
d)sanct
ionofbanks

(
e)l
i
qui
dit
y

113.
)Oneoft
hesei
sadesi
rabl
eef
fectofi
nfl
ati
on

(
a)i
tenhancesunempl
oyment

(
b)i
nvest
orsl
osesmoney

(
c)sav
ingsi
sdi
scour
aged

(
d)i
tdi
scour
agei
nvest
ment

(
e)i
nvest
orsgai
ns

114.
)Thef
ir
sti
ndi
genousbanki
nNi
ger
iawasest
abl
i
shedi
n

(
a)1894
(
b)1934

(
c)1929

(
d)1930

(
e)1932

115.
)Thesecondnot
abl
ebankt
hatwasest
abl
i
shedi
n1917i
nNi
ger
iai
snowknownas

(
a)Fi
rstbankPl
c

(
b)GTBPl
c

(
c)Zeni
thbankPl
c

(
d)Uni
onbankPl
c

(
e)UBAPl
c

116.
)Al
lthesear
emoneymar
keti
nst
rument
sexcept

(
a)t
reasur
ybi
l
ls

(
b)t
reasur
ysecur
it
ies

(
c)banker
'saccept
ance

(
d)bonds

(
e)commer
cial
paper

117.)Theexi
stenceofbothunor
gani
zedandor
gani
zedf
inanci
almar
ketsi
debysi
dei
n
developi
ngeconomiesisknownas

(
a)f
inanci
all
i
ber
ati
on

(
b)f
inanci
alst
abi
l
izat
ion
(
c)f
inanci
alcompl
i
cat
ion

(
d)f
inanci
aldual
i
sm

(
e)f
inanci
ali
ntegr
ati
on

118.
)Theapexi
nst
it
uti
onoft
heNi
ger
iaMoneymar
keti
s

(
a)CEC

(
b)NDI
C

(
c)CBN

(
d)SEC

(
e)NAI
COM

119.
)Whi
choft
hef
oll
owi
ngi
snotoneoft
heef
fect
sofi
nfl
ati
onont
heeconomy
?

(
a)f
ixedi
ncomewi
l
llose

(
b)consumer
swi
l
lgai
n

(
c)bor
rower
swi
l
lgai
n

(
d)sal
aryear
ner
swi
l
lsuf
fer

(
e)pr
oducer
swi
l
llose

120.
)Fi
scal
measur
esusedi
ncont
rol
l
ingi
nfl
ati
oni
ncl
udeal
loft
hef
oll
owi
ngsexcept

(
a)cr
edi
tcont
rol

(
b)i
ncr
easei
nsav
ings

(
c)i
ncr
easei
ntax
(
d)r
educt
ioni
npubl
i
cspendi
ng

(
e)noneoft
heabov
e

121.
)WemabankPl
cwasf
ormedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1978

122.
)__
___
___i
stheonl
ymar
ketsegmentwher
ecapi
tal
for
mat
ionoccur
s.

(
a)capi
tal
mar
ket

(
b)moneymar
ker

(
c)secondar
ymar
ket

(
d)pr
imar
ymar
ket

(
e)f
inanci
almar
ket

123.
)Oneoft
hesei
snotadi
str
essr
esol
uti
onopt
ionofNDI
C

(
a)i
mposi
ti
onofhol
dingact
ion

(
b)mor
alsuasi
on

(
c)changeofaccount

(
d)changeofmanagement

(
e)noneoft
heabov
e
124.
)CBNwasest
abl
i
shedi
nthey
ear

(
a)1963

(
b)1960

(
c)1952

(
d)1958

(
e)1959

125.
)Af
ri
canCont
inent
alBankwasest
abl
i
shedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1932

126.
)Tr
adebybar
teri
str
adet
hati
nvol
ves

(
a)l
argev
olumeoft
rade

(
b)doubl
ecoi
nci
denceofwant
s

(
c)demandf
orot
hercommodi
ti
esi
nor
dert
osat
isf
ywant
s

(
d)i
susedasauni
tofaccount

127.
)Themonet
arysy
stem t
hatr
equi
resdoubl
ecoi
nci
denceofwant
sisknownas
(
a)t
hegol
dst
andar
d

(
b)t
hebar
terpr
act
ice

(
c)t
hecommodi
tysy
stem

(
d)t
hegol
dexchangest
andar
d

128.
)Thev
alueofmoneyv
ari
es

(
a)i
nver
sel
ywi
tht
hepr
icel
evel

(
b)di
rect
lywi
tht
hev
olumeofempl
oyment

(
c)di
rect
lywi
tht
hepr
icel
evel

(
d)di
rect
lywi
tht
hei
nter
estr
ate

129.
)Thet
erm“
demandf
ormoney
”means

(
a)wi
l
li
ngnessofpeopl
etohol
dmoney

(
b)desi
ret
obor
rowmoneyf
rom peopl
e

(
c)desi
reofani
ndi
vi
dual
toi
nvestal
lhi
smoneyi
npr
oject
s

(
d)wi
l
li
ngnessofpeopl
etokeepal
lther
esour
cesi
nasset
s

130.
)Theessent
ial
att
ri
but
esofagoodcur
rencyi
s

(
a)scar
cit
y

(
b)homogenei
ty

(
c)accept
abi
l
ity

(
d)cogni
zabi
l
ity
131.
)Thev
alueofmoneyi
sgener
all
ymeasur
edbyr
efer
encet
othe

(
a)i
nter
estr
atechar
gedbybanks

(
b)gener
alpr
icel
evel

(
c)si
zeofacount
ry'
sgol
dst
ock

(
d)l
evel
ofeconomi
cdev
elopment

132.
)Bankscancr
eat
emor
emoneyby

(
a)i
ncr
easi
ngi
tscashr
ati
owi
thcent
ral
bank

(
b)i
ssui
ngmor
ebankchar
ges

(
c)accept
ingmor
edeposi
tscust
omer
s

(
d)l
endi
ngoutmor
emoneyf
rom cust
omer
s’deposi
ts

133.
)Toper
for
mit
sfunct
ionasast
oreofweal
thandst
andar
dfordef
err
edpay
ment
,money
mustbe

(
a)por
tabl
e

(
b)i
nat
tract
ivef
orm

(
c)st
abl
einv
alue

(
d)spentmor
eoncapi
tal
goodst
hanoncust
omergoods

134.
)Thebestwayt
oreducet
hesuppl
yofmoneyi
ntheeconomyi
sto

(
a)i
ncr
easet
hel
i
qui
dit
yrat
io

(
b)i
ncr
easet
henumberofbanknot
esandchequespr
oduced

(
c)decr
easet
reasur
ybi
l
ls

(
d)l
i
ber
ali
zesaccesst
ocr
edi
t
135.
)Thel
enderofl
astr
esor
tint
hebanki
ngsy
stem i
sthe

(
a)l
astr
esor
tbank

(
b)commer
cial
bank

(
c)cent
ral
bank

(
d)mor
tgagebank

136.
)Themostl
i
qui
dassetofabanki
s__
___
__

(
a)moneyatcal
l

(
b)bankdr
aft

(
c)moneyor
der

(
d)cash

137.
)Ther
ateatwhi
cht
heCent
ral
Bankr
edi
scount
sbi
l
lst
ocommer
cial
banksi
scal
l
ed

(
a)i
nter
estr
ate

(
b)bankr
ate

(
c)di
scountr
ate

(
d)t
urnov
er

138.
)Thedr
awerofachequei
sthe

(
a)Per
sonwhoi
stobepai
d

(
b)Bankonwhi
cht
hechequei
sdr
awn
(
c)Per
sonwhowr
it
eoutt
hecheque

(
d)Bankof
fi
cial
whocer
ti
fi
est
hepay
ment

139.
)Whi
choft
hef
oll
owi
ngst
atementi
scor
rect
?TheCent
ral
Bank

(
a)pr
int
sthecount
ry'
scur
rency

(
b)handl
est
hecol
l
ect
ionofdebt
sowedt
othegov
ernment

(
c)l
endsmoneyt
obusi
nessmen

(
d)i
ssuest
hecount
ry'
scur
rency

140.
)Whatamountofmoneycanbecr
eat
edf
rom adeposi
tofN30,
000i
fthecur
rentcashr
ati
o
i
s20%?

(
a)N15mi
l
li
on

(
b)N1.
5mi
l
li
on

(
c)N60,
000

(
d)N600,
000

141.
)Inf
lat
ioni
sli
kel
ytobenef
it

(
a)per
sonswi
thbanksav
ings

(
b)per
sonswhol
i
veonf
ixedpensi
onf
unds

(
c)cr
edi
tor
s

(
d)debt
ors

142.
)Whi
choft
hef
oll
owi
ngi
sli
kel
ytobei
nfl
ati
onar
y?
(
a)t
axi
ncr
ease

(
b)budgetsur
plus

(
c)i
ncr
easei
nunempl
oyment

(
d)wagei
ncr
ease

143.
)Inf
lat
ioncanbecur
bedby

(
a)i
ncr
easi
ngaggr
egat
edemand

(
b)pay
inghi
gherwages

(
c)r
educi
ngaggr
egat
edemand

(
d)adef
ici
tbudget

144.
)Inf
lat
ioncausedbyi
ncr
easei
ndemandcanbecur
bedby

(
a)expor
ti
ngmor
egoodsandser
vices

(
b)i
ncr
easi
ngt
hel
evel
ofout
put

(
c)i
ncr
easi
ngt
hel
evel
ofmoneysuppl
y

(
d)r
educi
ngi
mpor
tat
ion

145.
)Acont
inuousf
all
int
hegener
alpr
icel
evel
iscal
l
ed

(
a)r
ecessi
on

(
b)depr
essi
on

(
c)def
lat
ion

(
d)st
agf
lat
ion
146.)Ift
her
eisanincr
easeinwagesandsalar
ieswit
houtacor
respondi
ngi
ncr
easei
nthe
supplyofgoodsandserv
ices,
thesi
tuat
ionwil
lleadt
o

(
a)r
educt
ioni
nagr
eementdemand

(
b)i
nfl
ati
on

(
c)def
lat
ion

(
d)budgetsur
plus

147.
)Adef
ici
tbudgeti
susual
l
ydr
awnupdur
ing

(
a)economybuoy
ancy

(
b)i
nfl
ati
onar
yper
iod

(
c)wart
ime

(
d)economi
crecessi
on

148.)Thesi
tuat
ioni
nwhi
cht
het
otal
amountofgov
ernmentspendi
ngexceedst
otal
rev
enuesi
s
cal
leda

(
a)bal
ancedbudget

(
b)budgetsur
plus

(
c)budgetdef
ici
t

(
d)f
iscal
sur
plus

149.)Theamountbywhi
cht
hegov
ernmentexpendi
tur
esexceedr
evenuesdur
ingapar
ti
cul
ar
yearisthe

(
a)publ
i
cdebt

(
b)budgetdef
ici
t

(
c)f
ull
empl
oyment
(
d)GDPgap

150.
)Theapexi
nst
it
uti
onoft
heNi
ger
iaMoneymar
keti
s

(
a)CEC

(
b)NDI
C

(
c)CBN

(
d)SEC

(
e)NAI
COM

151.
)Whi
choft
hef
oll
owi
ngi
snotoneoft
heef
fect
sofi
nfl
ati
onont
heeconomy
?

(
a)f
ixedi
ncomewi
l
llose

(
b)consumer
swi
l
lgai
n

(
c)bor
rower
swi
l
lgai
n

(
d)sal
aryear
ner
swi
l
lsuf
fer

(
e)pr
oducer
swi
l
llose

152.
)Fi
scal
measur
esusedi
ncont
rol
l
ingi
nfl
ati
oni
ncl
udeal
loft
hef
oll
owi
ngsexcept

(
a)cr
edi
tcont
rol

(
b)i
ncr
easei
nsav
ings

(
c)i
ncr
easei
ntax

(
d)r
educt
ioni
npubl
i
cspendi
ng

(
e)noneoft
heabov
e
153.
)WemabankPl
cwasf
ormedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1978

154.
)__
___
___i
stheonl
ymar
ketsegmentwher
ecapi
tal
for
mat
ionoccur
s.

(
a)capi
tal
mar
ket

(
b)moneymar
ker

(
c)secondar
ymar
ket

(
d)pr
imar
ymar
ket

(
e)f
inanci
almar
ket

155.
)Oneoft
hesei
snotadi
str
essr
esol
uti
onopt
ionofNDI
C

(
a)i
mposi
ti
onofhol
dingact
ion

(
b)mor
alsuasi
on

(
c)changeofaccount

(
d)changeofmanagement

(
e)noneoft
heabov
e

156.
)CBNwasest
abl
i
shedi
nthey
ear
(
a)1963

(
b)1960

(
c)1952

(
d)1958

(
e)1959

157.
)Af
ri
canCont
inent
alBankwasest
abl
i
shedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1932

158.
)Moneycansi
mpl
yber
efer
redt
oasa

(
a)medi
um ofexchange

(
b)meansf
ort
heset
tl
ementofdebt
s

(
c)dur
abl
easset
sfordoi
ngbusi
ness

(
d)st
andar
dofv
alue

159.
)Char
gesf
orl
oanspai
dbycommer
cial
bankst
oCent
ral
BankofNi
ger
iaar
ecal
l
ed

(
a)bankchar
ges
(
b)cr
edi
tchar
ges

(
c)i
nter
estr
ates

(
d)bankchar
ges

160.
)Publ
i
cdebtmanagementi
soneoft
hef
unct
ionsof

(
a)Mer
chantBank

(
b)Cent
ral
Bank

(
c)Commer
cial
Bank

(
d)Dev
elopmentBank

161.
)Banksar
eengagedi
nthebusi
nessofbuy
ingandsel
l
ingof

(
a)bi
l
lsofexchange

(
b)i
nvest
ment
sofcr
edi
t

(
c)i
ntangi
blepr
oduct
s

(
d)l
and

162.
)Thesi
gni
fi
canceofmoneyt
omoder
neconomi
csy
stem i
sthati
t

(
a)i
susedasameansofpay
ment

(
b)pr
omot
esspeci
ali
zat
ionandexchange

(
c)measur
esv
alueandpr
omot
esexchange

(
d)causesi
nfl
ati
onanddef
lat
ioni
ntheeconomy

163.
)Af
orm ofmoneyt
hathasgoneoutofusei
s
(
a)commodi
tymoney

(
b)bankmoney

(
c)papermoney

(
d)f
orei
gnmoney

164.
)Thebusi
nessi
nthest
ockexchangei
schar
act
eri
zedessent
ial
l
yby

(
a)deal
i
ng

(
b)br
oker
age

(
c)specul
ati
on

(
d)t
ransact
ions

165.
)Amar
ketwher
enewshar
esar
etr
adedi
sknownas

(
a)pr
imar
ymar
ket

(
b)st
ockmar
ket

(
c)secondar
ymar
ket

(
d)moneymar
ket

166.
)Ther
easonwhywest
udymoneyandbanki
ngi
s:

(a)itaidsint
heunder
standi
ngofpubl
i
cpol
i
cyf
ormul
ati
on,
planni
ngandi
mpl
ement
ati
on
strategies

(
b)i
tenabl
espeopl
etounder
standhowmoneyi
scr
eat
edbybanksandt
hesuppl
yofmoney

(
c)i
tincr
easepeopl
e'
sunder
standi
ng

(
d)aandb

(
e)a,
bandc
167.
)TheNDI
Cini
tssuper
visor
yov
ersi
ghti
sconcer
nedwi
thoneoft
hef
oll
owi
ng

(
a)f
iscal
pol
i
cy

(
b)pr
int
ingofmoney

(
c)moni
tor
ingt
hebal
anceofpay
mentofNi
ger
iaeconomy

(
d)sanct
ionofbanks

(
e)l
i
qui
dit
y

168.
)Oneoft
hesei
sadesi
rabl
eef
fectofi
nfl
ati
on

(
a)i
tenhancesunempl
oyment

(
b)i
nvest
orsl
osesmoney

(
c)sav
ingsi
sdi
scour
aged

(
d)i
tdi
scour
agei
nvest
ment

(
e)i
nvest
orsgai
ns

169.
)Thef
ir
sti
ndi
genousbanki
nNi
ger
iawasest
abl
i
shedi
n

(
a)1894

(
b)1934

(
c)1929

(
d)1930

(
e)1932
170.
)Thesecondnot
abl
ebankt
hatwasest
abl
i
shedi
n1917i
nNi
ger
iai
snowknownas

(
a)Fi
rstbankPl
c

(
b)GTBPl
c

(
c)Zeni
thbankPl
c

(
d)Uni
onbankPl
c

(
e)UBAPl
c

171.
)Al
lthesear
emoneymar
keti
nst
rument
sexcept

(
a)t
reasur
ybi
l
ls

(
b)t
reasur
ysecur
it
ies

(
c)banker
'saccept
ance

(
d)bonds

(
e)commer
cial
paper

172.)Theexi
stenceofbothunor
gani
zedandor
gani
zedf
inanci
almar
ketsi
debysi
dei
n
developi
ngeconomiesisknownas

(
a)f
inanci
all
i
ber
ati
on

(
b)f
inanci
alst
abi
l
izat
ion

(
c)f
inanci
alcompl
i
cat
ion

(
d)f
inanci
aldual
i
sm

(
e)f
inanci
ali
ntegr
ati
on

173.
)Whi
cht
endst
obeapr
ogr
essi
vet
axi
nNi
ger
ia?
(
a)I
ncomet
ax

(
b)pr
oper
tyt
ax

(
c)sal
est
ax

(
d)i
mpor
tdut
ies

174.
)At
axt
hatt
akesani
ncr
easi
ngf
ract
ionasi
ncomegoesdowni
scal
l
ed

(
a)condi
ti
onal

(
b)r
egr
essi
ve

(
c)pr
ogr
essi
ve

(
d)pr
opor
ti
onal

175.
)Taxi
nci
dencei
stheanal
ysi
sof

(
a)howpr
ogr
essi
veat
axi
s

(
b)howdi
stor
ti
ngat
axi
s

(
c)whoul
ti
mat
elypay
sthet
ax

(
d)howat
axi
scol
l
ect
ed

176.
)Thef
ormernameofUni
tedBankf
orAf
ri
ca(
UBA)was

(
a)Agbonmagbe

(
b)Bar
clay
'sbank

(
c)Br
it
ish&Fr
iendbank

(
d)Johnwel
lbank
177.
)Thef
ormernameofWemabankwas

(
a)Johnwel
lbank

(
b)Br
it
ishBankf
orWestAf
ri
ca

(
c)Bar
clay
'sbank

(
d)Agbonmagbe

178.)Astudyf
rom CBNi
ndi
cat
edt
hatbet
ween1937and1952,
atot
alof_
___
_bankswer
e
regi
ster
ed.

(
a)40

(
b)41

(
c)42

(
d)43

179.)Reasonsf
ort
hecol
l
apsedofi
ndi
genousbanksbet
ween1937-
1952i
ncl
udet
hef
oll
owi
ng
except

(
a)poormanagement

(
b)aggr
essi
vecompet
it
ion

(
c)l
ackofr
egul
ator
yaut
hor
it
y

(
d)noneoft
heabov
e

180.
)Thef
ormernameofUni
onBankNi
ger
iaPl
c.was

(
a)Johnwel
lbank

(
b)Br
it
ishBankf
orWestAf
ri
ca
(
c)Bar
clay
'sbank

(
d)Agbonmagbe

181.
)TheCent
ral
BankofNi
ger
iaper
for
mst
hef
oll
owi
ngf
unct
ionsexcept

(
a)t
radi
ti
onf
unct
ion

(
b)r
egul
ator
yfunct
ion

(
c)dev
elopment
alf
unct
ion

(
d)col
droom f
unct
ion

182.
)NDICcoll
ect
sinsur
ancepr
emi
um of_
___of1%oft
hebanksoci
aldeposi
tli
abi
l
ityMoney
Deposi
tBanks

(
a)14/
16

(
b)15/
16

(
c)15/
20

(
d)14/
20

183._
___
___i
samar
ketf
orexi
sti
ngi
ssuesorsecur
it
iesorcl
aims

(
a)moneymar
ket

(
b)capi
tal
mar
ket

(
c)pr
imar
ymar
ket

(
d)secondar
ymar
ket

184.Themoneymar
ketpar
ti
cipant
sincl
udet
hef
oll
owi
ngexcept

(
a)Cent
ral
BankofNi
ger
ia

(
b)Di
scountHouses
(
c)Under
wri
ter
s

(
d)Rat
ional
inv
est
ors

185.
)Thecapi
tal
mar
ketpar
ti
cipant
sincl
udet
hef
oll
owi
ngexcept

(
a)Fi
nancehouses

(
b)Secur
it
y&ExchangeCommi
ssi
on(
SEC)

(
c)Ni
ger
iaSt
ockExchange(
NSE)

(
d)Under
wri
ter
s

186.
)ACommer
cial
Banki
suni
quei
nthati
tist
heonl
yinst
it
uti
ont
hat

(
a)makesl
oant
opr
ivat
epeopl
eandbusi
nessman

(
b)acceptdeposi
ts

(
c)canst
orepeopl
e'
sval
uabl
es

(
d)sav
esmoneyt
hrought
hegr
ant
ingofcr
edi
ts

187.
)Whi
choft
hef
oll
owi
ngcanber
egar
dedasal
i
abi
l
ityofacommer
cial
bank?

(
a)adv
ances

(
b)deposi
ts

(
c)t
reasur
ybi
l
ls

(
d)ov
erdr
aft
s

188.
)TheLagosCl
ear
ingHousei
s
(
a)acommodi
tymar
ket

(
b)ani
nsur
anceunder
wri
ti
ngcent
re

(
c)anot
hernamef
orLagosSt
ockExchange

(
d)achequesor
ti
ngcent
re

189.
)By‘
tr
adebybar
ter
’,
wemean

(
a)t
radedonebypeopl
einv
il
lages

(
b)exchangeofgoodsf
ormoney

(
c)t
het
radeoft
heMi
ddl
eAges

(
d)exchangeofgoodsf
orgoods

190.
)Ani
ncr
easei
nli
qui
dreser
ver
equi
rement
sbyt
heCent
ral
BankofNi
ger
iawi
l
lresul
tin

(
a)ar
educt
ioni
nCent
ral
Bank'
sgol
dreser
ve

(
b)mor
ecommer
cial
bankl
oanst
omember
soft
hepubl
i
c

(
c)ani
ncr
easei
ncommer
cial
banks'
excessr
eser
ves

(
d)nochangei
ncommer
cial
banks'
excessr
eser
ves

191.)TheCent
ral
Bankcont
rol
stheact
ivi
ti
esofot
herbanksbyal
lbutoneoft
hef
oll
owi
ng.
Whichone?

(
a)t
heuseofbankr
ate

(
b)t
heuseofdi
rect
ives

(
c)speci
aldeposi
t
(
d)t
axat
ion

192.
)Whi
choft
heseal
ter
nat
ivesi
swr
ong?Cent
ral
banksar
e

(
a)banker
stot
hegov
ernment

(
b)banker
stocommer
cial
banks

(
c)mer
chantbanks

(
d)i
ssuer
sofbanknot
es

193.
)Whi
choft
hesef
inanci
ali
nst
it
uti
onscannotpr
ovi
dedi
rectl
oanst
oindi
vi
dual
s?

(
a)TheI
ndust
ri
alBank

(
b)TheAgr
icul
tur
alBank

(
c)TheCent
ral
Bank

(
d)TheCo-
oper
ati
veBank

194.
)Commer
cial
bankscancr
eat
emoneyi
nthef
oll
owi
ngway
s

(
a)byi
ssui
ngcoi
nsandpapermoney

(
b)bypr
int
ingmoneyont
hei
nst
ruct
ionsoft
heCent
ral
Bank

(
c)bybor
rowi
ngmoneyf
rom banksabr
oad

(
d)noneoft
heabov
e

195.
)Thev
alueofmoneydependspr
imar
il
yon
(
a)t
hegol
dbacki
ngoft
hecur
rency

(
b)gov
ernmentdecr
eet
hati
tisl
egal
tender

(
c)t
hegener
alpr
icel
evel

(
d)noneoft
heabov
e

196.
)Acommer
cial
banki
sabl
etocr
eat
emoney

(
a)bypr
int
ingi
t

(
b)bymai
ntai
ningr
eser
ves

(
c)bycr
eat
ingademanddeposi
tsasi
tgi
vesanewl
oan

(
d)bybor
rowi
ngf
rom t
heCent
ral
Bank

197.
)Moneybecomesav
erypoorst
oreofv
aluei
naper
iod

(
a)def
lat
ion

(
b)har
vest

(
c)r
ecessi
on

(
d)i
nfl
ati
on

198.
)Thef
unct
ionofmoneyasast
andar
dofdef
err
edpay
ment
s

(
a)makesi
tpossi
blef
orani
ndi
vi
dual
tobui
l
dupst
oresofmanyt
hingsf
orf
utur
euse

(
b)makesi
tpossi
blef
orpay
ment
stobepost
ponedf
rom t
hepr
esentt
oaf
utur
edat
e

(
c)f
aci
l
itat
est
heexchangeofgoods

(
d)makeseasycal
cul
ati
onspossi
ble
199.
)Whi
choft
hef
oll
owi
ngi
sNOTamaj
orf
unct
ionofaCent
ral
Bank?

(
a)ser
vingasgov
ernment
'
sbank

(
b)ser
vingasbanker
'sbank

(
c)accept
anceofdeposi
tsf
rom t
hepubl
i
c

(
d)r
esponsi
bil
i
tyf
ormonet
arypol
i
cy

200.
)Theapexi
nst
it
uti
onoft
heNi
ger
iaMoneymar
keti
s

(
a)CEC

(
b)NDI
C

(
c)CBN

(
d)SEC

(
e)NAI
COM

201.
)Whi
choft
hef
oll
owi
ngi
snotoneoft
heef
fect
sofi
nfl
ati
onont
heeconomy
?

(
a)f
ixedi
ncomewi
l
llose

(
b)consumer
swi
l
lgai
n

(
c)bor
rower
swi
l
lgai
n

(
d)sal
aryear
ner
swi
l
lsuf
fer

(
e)pr
oducer
swi
l
llose

202.
)Fi
scal
measur
esusedi
ncont
rol
l
ingi
nfl
ati
oni
ncl
udeal
loft
hef
oll
owi
ngsexcept
(
a)cr
edi
tcont
rol

(
b)i
ncr
easei
nsav
ings

(
c)i
ncr
easei
ntax

(
d)r
educt
ioni
npubl
i
cspendi
ng

(
e)noneoft
heabov
e

203.
)WemabankPl
cwasf
ormedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1978

204.
)__
___
___i
stheonl
ymar
ketsegmentwher
ecapi
tal
for
mat
ionoccur
s.

(
a)capi
tal
mar
ket

(
b)moneymar
ker

(
c)secondar
ymar
ket

(
d)pr
imar
ymar
ket

(
e)f
inanci
almar
ket

205.
)Oneoft
hesei
snotadi
str
essr
esol
uti
onopt
ionofNDI
C

(
a)i
mposi
ti
onofhol
dingact
ion

(
b)mor
alsuasi
on
(
c)changeofaccount

(
d)changeofmanagement

(
e)noneoft
heabov
e

206.
)CBNwasest
abl
i
shedi
nthey
ear

(
a)1963

(
b)1960

(
c)1952

(
d)1958

(
e)1959

207.
)Af
ri
canCont
inent
alBankwasest
abl
i
shedi
n

(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1932

208.
)Ther
easonwhywest
udymoneyandbanki
ngi
s:

(a)itaidsint
heunder
standi
ngofpubl
i
cpol
i
cyf
ormul
ati
on,
planni
ngandi
mpl
ement
ati
on
strategies

(
b)i
tenabl
espeopl
etounder
standhowmoneyi
scr
eat
edbybanksandt
hesuppl
yofmoney

(
c)i
tincr
easepeopl
e'
sunder
standi
ng
(
d)aandb

(
e)a,
bandc

209.
)TheNDI
Cini
tssuper
visor
yov
ersi
ghti
sconcer
nedwi
thoneoft
hef
oll
owi
ng

(
a)f
iscal
pol
i
cy

(
b)pr
int
ingofmoney

(
c)moni
tor
ingt
hebal
anceofpay
mentofNi
ger
iaeconomy

(
d)sanct
ionofbanks

(
e)l
i
qui
dit
y

210.
)Oneoft
hesei
sadesi
rabl
eef
fectofi
nfl
ati
on

(
a)i
tenhancesunempl
oyment

(
b)i
nvest
orsl
osesmoney

(
c)sav
ingsi
sdi
scour
aged

(
d)i
tdi
scour
agei
nvest
ment

(
e)i
nvest
orsgai
ns

211.
)Thef
ir
sti
ndi
genousbanki
nNi
ger
iawasest
abl
i
shedi
n

(
a)1894

(
b)1934

(
c)1929

(
d)1930
(
e)1932

212.
)Thesecondnot
abl
ebankt
hatwasest
abl
i
shedi
n1917i
nNi
ger
iai
snowknownas

(
a)Fi
rstbankPl
c

(
b)GTBPl
c

(
c)Zeni
thbankPl
c

(
d)Uni
onbankPl
c

(
e)UBAPl
c

213.
)Al
lthesear
emoneymar
keti
nst
rument
sexcept

(
a)t
reasur
ybi
l
ls

(
b)t
reasur
ysecur
it
ies

(
c)banker
'saccept
ance

(
d)bonds

(
e)commer
cial
paper

214.)Theexi
stenceofbothunor
gani
zedandor
gani
zedf
inanci
almar
ketsi
debysi
dei
n
developi
ngeconomiesisknownas

(
a)f
inanci
all
i
ber
ati
on

(
b)f
inanci
alst
abi
l
izat
ion

(
c)f
inanci
alcompl
i
cat
ion

(
d)f
inanci
aldual
i
sm

(
e)f
inanci
ali
ntegr
ati
on
215.
)Inf
lat
ioni
sli
kel
ytobenef
it

(
a)debt
ors

(
b)cr
edi
tor
s

(
c)per
sonswi
thbanksav
ings

(
d)per
sonsempl
oyedi
nfi
nanci
alhouses

216.
)Whi
choft
hef
oll
owi
ngdoesNOTbel
ongi
nrespectoft
hequal
i
tyofmoney

(
a)dur
abi
l
ity

(
b)por
tabl
e

(
c)di
vi
sibl
eint
othesmal
l
estuni
tsofv
alue

(
d)measur
eofv
alue

217.)Ift
heCent
ral
Banki
ntendst
oincr
easet
hemoneysuppl
ythr
oughopenmar
ketoper
ati
ons
thenitwil
l

(
a)sel
lsecur
it
iesi
ntheopenmar
ket

(
b)buysecur
it
iesi
ntheopenmar
ket

(
c)i
ssuemor
ecur
rencynot
es

(
d)pr
intmor
edemanddeposi
ts

218.
)Whichi
sconsider
edthemosteff
ect
ivet
ool
bywhi
cht
heCent
ral
BankofNi
ger
iacan
cont
rol
theact
ivi
ti
esofcommerci
albank?
(
a)openmar
ketoper
ati
on

(
b)r
eser
ver
equi
rement
s

(
c)bankr
ate

(
d)speci
aldeposi
ts

219.)
___
___
_poli
cyi
nvolvest
hecoll
ecti
onandspendi
ngofgover
nmentr
evenues,
whi
l
e
___
_____
__pol
i
cyfocusesoncont
roll
ingthesi
zeoft
henat
ion’
smoneysuppl
y.

a)
product
ivi
ty;
inf
lat
ion

b)
taxat
ionpol
i
cy;
monet
arypol
i
cy

c)
monet
arypol
i
cy;
fiscal
pol
i
cy

d)
fi
scal
pol
i
cy;
monet
arypol
i
cy

220.
)Higheri
nter
estrat
estendt
oleadto____
____consumerandbusi
nessspending,
whi
l
e
l
owerinter
estr
atestendtol
eadto___
____
__spendi
ngbyconsumersandbusinesses.

a)
higher
;lower

b)
lower
;lower

c)
higher
;hi
gher

d)
lower
;hi
gher

221.
)Howmi
ghtl
owi
nfl
ati
onl
evel
sint
hegener
aleconomyaf
fectacompanyl
i
keJohnwel
l
's?

a)Johnwel
l
'swi
l
lpaymuchhi
gherpr
icesf
orsuppl
i
esandwi
l
lchar
gecust
omer
smor
efori
ts
product
s

b)Johnwel
l
'swi
l
lpayhi
gherpr
icesf
orsuppl
i
esandwi
l
lchar
gecust
omer
smor
efori
tspr
oduct
s

c)Johnwel
l'
swill
payrel
ati
vel
yconst
antpr
icesf
orsuppl
i
es,
butwi
l
lbeunabl
etoi
ncr
easet
he
pri
cepaidbycustomer
s
d)Johnwel
l'
swi
l
lpayr
elat
ivel
yconst
antpr
icesf
orsuppl
i
esandwi
l
lchar
gecust
omer
smor
efor
i
tsproduct
s

222.
)Wi
thr
espectt
oinf
lat
ionanddef
lat
ion,
whi
chi
scor
rect
?

a)I
nfl
ati
oni
scausedwhenconsumer
sbuyt
oomanyl
uxur
ygoods

b)Wheninf
lat
ionoccur
s,peopl
ehav
emor
emoneyt
ospend,
andt
her
ewi
l
lbeani
ncr
eased
quant
it
yofgoodsforsal
e

c)Wheni
nfl
ati
onoccur
s,pur
chasi
ngpowerdecr
eases

d)Defl
ati
onisevidentwhent
heamountofmoneyi
nject
edi
ntot
heeconomi
csy
stem i
ncr
eases
fast
erthanactualoutput

223.)
___
____i
stheeconomiccondi
ti
onchar
act
eri
zedbywi
despr
eadi
ncr
easedpr
ices
thr
oughoutaneconomicsy
stem.

a)
Def
lat
ion

b)
Unempl
oyment

c)
Stagf
lat
ion

d)
Inf
lat
ion

224.
)Def
lat
ionr
efer
sto

a)
aper
iodoff
all
i
ngpr
ices.

b)
theoccur
renceofpr
icei
ncr
easest
hroughoutt
heeconomi
csy
stem.

c)t
hecondi
ti
oninaneconomicsyst
em i
nwhi
cht
heamountofmoneyav
ail
abl
eisgr
eat
ert
han
theamountofgoodspr
oduced.

d)
theamountofgov
ernmentspendi
nggr
eat
ert
hant
het
axescol
l
ect
edi
noney
ear
.
225.)Thegov
ernmentmanagest
hecol
l
ect
ionandspendi
ngofi
tsr
evenuest
hrough_
___
___
_
pol
icies.

a)economi
c

b)monet
ary

c)i
nfl
ati
on

d)f
iscal

226.
)Thegov
ernmentcont
rol
sthesi
zeoft
hemoneysuppl
ythr
ough_
___
___
_pol
i
cies.

a)
rev
enue

b)
monet
ary

c)
inf
lat
ion

d)
fi
scal

227.
)Takent
oget
her
,fi
scal
pol
i
cyandmonet
arypol
i
cymakeup_
___
___
_pol
i
cy.

a)
recessi
on

b)
stabi
l
izat
ion

c)
economi
c

d)
inf
lat
ion

228.
)Whatef
fectdohi
gheri
nter
estr
ateshav
eonconsumerspendi
ng?

a)
Consumerspendi
ngi
ncr
easesaspeopl
etr
ytoqui
ckl
ybuygoodsbef
orer
atesgoev
enhi
gher
b)Consumerspendi
ngdecr
easesi
mmedi
atel
y,butt
henr
isesshar
plyaf
terconsumer
sgetused
tothenewhigheri
nter
estr
ates

c)
Consumerspendi
ngi
snoti
mpact
edbychangesi
nint
erestr
ates

d)
Consumerspendi
ngdecr
eases

229.
)Aper
sist
entandappr
eci
abl
eri
sei
nthegener
all
evel
ofpr
icesi
sknownas

(
a)depr
eci
ati
on

(
b)i
nfl
ati
on

(
c)def
lat
ion

(
d)pr
oduct
ion

230.
)Themot
ivef
orhol
dingmoneyf
ori
nvest
ingi
nsecur
it
iesi
sref
err
edt
oas

(
a)t
ransact
ionar
y

(
b)specul
ati
ve

(
c)pr
ecaut
ionar
y

(
d)def
lat
ionar
y

231.
)Thedemandf
ormoneyi
s

(
a)der
iveddemand

(
b)composi
tedemand

(
c)j
ointdemand

(
d)compl
ement
arydemand

232.
)Recapi
tal
i
zat
ionpol
i
cywi
l
lenabl
ecommer
cial
bankst
o
(
a)empl
oymor
equal
i
fiedwor
ker
s

(
b)openmor
ebr
anches

(
c)r
educei
nter
estr
ate

(
d)hav
eav
eryst
rongcapi
tal
base

233.
)Ifgov
ernmentwant
stor
educet
hel
evel
ofi
nfl
ati
on,
itwi
l
l

(
a)r
unabudgetsur
plus

(
b)r
unabudgetdef
ici
t

(
c)r
unabal
ancedbudget

(
d)bor
rowmor
emoney

234.
)Oneoft
het
echni
quesofmonet
arycont
rol
usedbyCent
ral
BankofNi
ger
iai
s

(
a)sel
ect
ivecr
edi
tcont
rol

(
b)budgetdef
ici
t

(
c)f
orei
gnexchangecont
rol

(
d)moni
tor
ingt
hegener
alpr
icel
evel

235.
)Ani
ssueofbanknot
esnotbackedbygol
dbutbygov
ernmentsecur
it
iesi
sknownas

(
a)f
iduci
aryi
ssue

(
b)guar
ant
eedmoney

(
c)sei
gni
orage
(
d)l
egal
tender

236.
)Ar
isei
nthemar
ketpr
iceoff
ixedi
nter
estsecur
it
iesi
sani
ndi
cat
iont
hatt
he

(
a)suppl
yofmoneyhasdecr
eased

(
b)l
i
qui
dit
ypr
efer
encehasi
ncr
eased

(
c)mar
ketr
ateofi
nter
esthasr
isen

(
d)mar
ketr
ateofi
nter
esthasf
all
en

237.
)Ther
egul
ator
yaut
hor
it
yoft
hecapi
tal
mar
keti
nNi
ger
iai
sthe

(
a)Cent
ral
Bank

(
b)Secur
it
iesandExchangeCommi
ssi
on

(
c)Ni
ger
iaDeposi
tInsur
anceCor
por
ati
on

(
d)St
ockExchangeMar
ket

238.
)Themeani
ngof'
wage-
pri
cespi
ral
'i
s

(
a)demandpul
landcostpushi
nfl
ati
onpul
l
ingeachot
heri
ndi
ff
erentdi
rect
ions

(
b)demandpul
landcostpushi
nfl
ati
oni
ntensi
fyi
ngeachot
her

(
c)bot
hoft
hem br
ingi
ngaboutar
educt
ioni
nthepr
icel
evel

(
d)t
hatwagesandpr
icesar
eri
singatapr
opor
ti
onal
rat
e

239.
)Inani
nfl
ati
onar
yper
iodwhi
choft
hef
oll
owi
ngst
atement
sisNOTt
rue?
(
a)wagesr
isesi
mul
taneousl
ywi
thpr
ices

(
b)t
hepur
chasi
ngpowerofmoneydi
mini
shes

(
c)mor
emoneyr
unsaf
teral
i
mit
edquant
it
yofgoods

(
d)aggr
egat
ereal
demandexceedsaggr
egat
ereal
suppl
y

240.)Moneyperf
ormsanumberoff unct
ions,
ONEofthesefuncti
onsmakesitpossibl
eforany
persont
oprovideourol
dage.Becauseofthatpar
ti
cul
arfunct
ion,moneyi
sregardedasa

(
a)medi
um ofexchange

(
b)measur
eofv
alue

(
c)uni
tofaccount

(
d)st
oreofv
alue

241.
)Themosti
mpor
tantchar
act
eri
sti
csofmoneyi
s

(
a)por
tabi
l
ity

(
b)usef
ulness

(
c)accept
abi
l
ity

(
d)beaut
y

242.
)Costpushi
nfl
ati
ont
akespl
aceduet
o

(
a)t
her
api
dincr
easei
nthedemandf
orgoods

(
b)ar
isei
nthecostofpr
oduct
ion

(
c)ar
isei
nst
andar
dofl
i
ving

(
d)am i
ncr
easei
npr
oduct
ivi
tyoft
hef
act
orsofpr
oduct
ion

243.
)WemabankPl
cwasf
ormedi
n
(
a)1944

(
b)1945

(
c)1946

(
d)1947

(
e)1978

244.
)__
___
___i
stheonl
ymar
ketsegmentwher
ecapi
tal
for
mat
ionoccur
s.

(
a)capi
tal
mar
ket

(
b)moneymar
ker

(
c)secondar
ymar
ket

(
d)pr
imar
ymar
ket

(
e)f
inanci
almar
ket

245.
)Thegov
ernmentcont
rol
sthesi
zeoft
hemoneysuppl
ythr
ough_
___
___
_pol
i
cies.

a)
rev
enue

b)
monet
ary

c)
inf
lat
ion

d)
fi
scal

246.)Thegov
ernmentmanagest
hecol
l
ect
ionandspendi
ngofi
tsr
evenuest
hrough_
___
___
_
pol
icies.

a)economi
c

b)monet
ary

c)i
nfl
ati
on
d)f
iscal

247.)
___
___
_poli
cyi
nvolvest
hecoll
ecti
onandspendi
ngofgover
nmentr
evenues,
whi
l
e
___
_____
__pol
i
cyfocusesoncont
roll
ingthesi
zeoft
henat
ion’
smoneysuppl
y.

a)
product
ivi
ty;
inf
lat
ion

b)
fi
scal
pol
i
cy;
monet
arypol
i
cy

c)
monet
arypol
i
cy;
fiscal
pol
i
cy

d)
taxat
ionpol
i
cy;
monet
arypol
i
cy

248.
)Whi
choft
hef
oll
owi
ngdoesNOTbel
ongi
nrespectoft
hequal
i
tyofmoney

(
a)dur
abi
l
ity

(
b)I
dent
if
iabl
ebyal
l

(
c)di
vi
sibl
eint
othesmal
l
estuni
tsofv
alue

(
d)measur
eofv
alue

249.
)Moneybecomesav
erypoorst
oreofv
aluei
naper
iod

(
a)def
lat
ion

(
b)st
abl
epr
ices

(
c)r
ecessi
on

(
d)i
nfl
ati
on

250.
)Inf
lat
ioni
sli
kel
ytobenef
it
(
a)debt
ors

(
b)cr
edi
tor
s

(
c)per
sonswi
thbanksav
ings

(
d)per
sonsempl
oyedi
nfi
nanci
alhouses

ANSWERS

1)B

2)B

3)D

4)A

5)D

6)B

7)B

8)D

9)D

10)C

11)A

12)A

13)D

14)A

15)D

16)C

17)B

18)D

19)B
20)B

21)D

22)C

23)D

24)B

25)B

26)D

27)C

28)A

29)C

30)D

31)D

32)A

33)C

34)D

35)C

36)A

37)A

38)Noanswer

39)B

40)A

41)C

42)D

43)B

44)D
45)B

46)D

47)C

48)C

49)A

50)C

51)C

52)C

53)C

54)C

55)A

56)C

57)B

58)B

59)C

60)D

61)A

62)A

63)C

64)C

65)B

66)D

67)A

68)C

69)B
70)D

71)B

72)A

73)D

74)A

75)B

76)C

77)D

78)C

79)B

80)B

81)A

82)C

83)C

84)D

85)B

86)C

87)C

88)B

89)C

90)A

91)B

92)B

93)B

94)A
95)C

96)C

97)A

98)D

99)C

100)B

101)C

102)C

103)C

104)B

105)D

106)C

107)C

108)A

109)C

110)C

111)D

112)E

113)E

114)E

115)D

116)D

117)D

118)C

119)E
120)A

121)B

122)D

123)B

124)D

125)D

126)B

127)B

128)A

129)A

130)C

131)B

132)A

133)C

134)A

135)C

136)D

137)B

138)C

139)D

140)D

141)D

142)D

143)D

144)B
145)C

146)B

147)A

148)C

149)B

150)C

151)E

152)A

153)B

154)D

155)B

156)D

157)D

158)A

159)A

160)B

161)B

162)C

163)A

164)A

165)A

166)D

167)E

168)E

169)E
170)D

171)D

172)D

173)A

174)B

175)C

176)C

177)D

178)C

179)D

180)C

181)D

182)B

183)D

184)C

185)A

186)C

187)B

188)D

189)D

190)C

191)D

192)C

193)C

194)E
195)C

196)C

197)D

198)B

199)C

200)C

201)E

202)A

203)B

204)D

205)B

206)D

207)D

208)D

209)E

210)E

211)E

212)D

213)D

214)D

215)A

216)D

217)B

218)B

219)D
220)D

221)C

222)C

223)D

224)A

225)D

226)B

227)B

228)D

229)B

230)B

231)B

232)D

233)B

234)A

235)A

236)A

237)B

238)B

239)A

240)D

241)C

242)B

243)B

244)D
245)B

246)D

247)B

248)D

249)D

250)A