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Question 21 Economics 2010 | JAMB/UTME (2010)
A
there is mobility of factors of production 
B
no single seller dominates the market 
C
the firms are price-takers 
D
consumers have perfect knowledge of price 
Explanation.
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Correct Option:
B
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Question 26 Economics 2010 | JAMB/UTME (2010)
A
N 214 million 
B
N 45 million 
C
N 105 million 
D
N 500 million 
Explanation.
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Correct Option:
D
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Question 27 Economics 2010 | JAMB/UTME (2010)
A
unit of account 
B
store of value 
C
medium of exchange 
D
standard of deferred payment 
Explanation.
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Correct Option:
C
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Question 28 Economics 2010 | JAMB/UTME (2010)
A
increase money supply in the economy 
B
reduce the cash reserve ratio for banks 
C
reduce money supply in the economy 
D
increase the capital base of commercial banks 
Explanation.
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Correct Option:
A
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Question 29 Economics 2010 | JAMB/UTME (2010)
A
maintaining stable price in the economy 
B
regulating monetary policies 
C
granting loans to customers 
D
issuing bank notes and coins 
Explanation.
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Correct Option:
C
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