Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace ECN 204 exam

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions
Do not waste time on a question you don’t know
Move as fast as possible and starting with questions that don’t have calculation first to save time
Always crosscheck
Don’t be in a hurry to submit, you are not in a competition
Don’t be scared. Getting an A is easy
Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book
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70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

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ECN 204

1 / 40

1. NDP 2021–2025 targets

A. Colonial repatriation

B. Inclusive development

C. Trade closure

D. Food rationing

2 / 40

2. Built-in inflation stems from

A. High taxation

B. Interest rate drops

C. Import restrictions

D. Wage-price spiral

3 / 40

3. Basic assumption in Fisher's theory holds

A. Variable output

B. Constant velocity

C. Fixed taxation

D. Changing velocity

4 / 40

4. Fiscal deficit describes

A. Trade surplus

B. Spending exceeding revenue

C. Total exports

D. Profit of firms

5 / 40

5. Fiscal consolidation aims at

A. Inflation targeting

B. Currency printing

C. Tax evasion

D. Deficit reduction

6 / 40

6. Use of subsidies on essentials helps

A. Budget surplus

B. Demand expansion

C. Direct price reduction

D. Currency appreciation

7 / 40

7. Short-term benefit of deficit spending allows

A. Interest rate drop

B. Stimulated growth

C. Productivity fall

D. Economic contraction

8 / 40

8. Meaning of inflation indicates

A. Rise in price level

B. Decrease in supply

C. Growth in exports

D. Boost in employment

9 / 40

9. Result of foreign direct investment brings

A. Environmental cleanup

B. Technological transfer

C. Skill erosion

D. Wage stagnation

10 / 40

10. Purpose of reducing budget deficits serves

A. Tax holiday

B. Demand stimulation

C. Output stagnation

D. Inflation reduction

11 / 40

11. Concept behind fiscal policy involves

A. Cultural preservation

B. Taxation and expenditure

C. Monetary tightening

D. Controlling imports

12 / 40

12. Aim of supply-side policy focuses on

A. Restricting credit

B. Enhancing productivity

C. Cutting interest rates

D. Fixing wages

13 / 40

13. Purpose of ERGP focused on

A. Debt accumulation

B. Export taxation

C. Legal reform

D. Recovery and growth

14 / 40

14. Role of CBN involves

A. Monetary policy

B. Legislature

C. Land reform

D. Defense strategy

15 / 40

15. Outcome of stagflation includes

A. High output

B. Growth in reserves

C. Low unemployment

D. Inflation with stagnation

16 / 40

16. Economic multiplier measures

A. Output change due to spending

B. Budget deficit

C. Money printing

D. GDP variation

17 / 40

17. Cash balance approach emphasizes

A. Money demand

B. Money supply increase

C. Credit creation

D. Asset revaluation

18 / 40

18. Advantage of globalization to developing nations includes

A. Industrial decline

B. Cultural isolation

C. Higher inflation

D. Capital inflow

19 / 40

19. Cause of demand-pull inflation relates to

A. Increased government debt

B. Excessive demand over supply

C. Foreign investment surge

D. Rising unemployment

20 / 40

20. Cultural impact of globalization includes

A. Nationalist revival

B. Cross-cultural exchange

C. Language preservation

D. Wage reduction

21 / 40

21. Trade liberalization results in

A. Barrier reduction

B. Domestic supply shock

C. Public debt rise

D. Tariff increase

22 / 40

22. Quantity theory of money links

A. Money supply to price level

B. Velocity to unemployment

C. Currency to imports

D. Price level to fiscal deficit

23 / 40

23. Goal of raising interest rates targets

A. Deficit expansion

B. Inflation control

C. Currency depreciation

D. Wage increase

24 / 40

24. NDP 2021–2025 targets

A. Colonial repatriation

B. Inclusive development

C. Trade closure

D. Food rationing

25 / 40

25. Purpose of expansionary monetary policy includes

A. Stimulating economic growth

B. Curtailing liquidity

C. Limiting exports

D. Increasing inflation

26 / 40

26. Fast fashion serves as a case of

A. Global supply chain

B. Trade embargo

C. Local tailoring

D. Cultural preservation

27 / 40

27. Excessive borrowing may result in

A. Immigration growth

B. Crowding out investment

C. Free housing

D. Lower wages

28 / 40

28. Economic diversification reduces

A. Oil dependence

B. Taxation

C. Education funding

D. Budget surplus

29 / 40

29. Result of high fiscal deficit may involve

A. Budget surplus

B. Increased savings

C. Public borrowing

D. Trade embargo

30 / 40

30. Productive borrowing refers to

A. Defense spending

B. Import financing

C. Stockpiling reserves

D. Capital investment

31 / 40

31. Tool used in open market operations includes

A. Reserve increase

B. Security sales

C. Tax rebates

D. Exchange rate freeze

32 / 40

32. Risk of external debt includes

A. Enhanced autonomy

B. Increased domestic trade

C. Agricultural surplus

D. Currency depreciation

33 / 40

33. Effect of contractionary monetary policy includes

A. Tightening money supply

B. Boosting consumer borrowing

C. Enhancing exports

D. Increasing supply of goods

34 / 40

34. Feature of globalization involves

A. Bureaucratic control

B. Cross-border integration

C. Market isolation

D. Nationalism

35 / 40

35. Target of Vision 20:2020 set

A. Top-20 economy status

B. Global military status

C. Low population

D. Zero import dependence

36 / 40

36. Influence of monetary policy affects

A. Weather patterns

B. Price level stability

C. Cultural identity

D. Voting behavior

37 / 40

37. Equation MV = PQ shows

A. Exchange rate fluctuation

B. Money and output relationship

C. Income inequality

D. Fiscal performance

38 / 40

38. Long-term risk of public debt may cause

A. Technological progress

B. Higher exports

C. Credit rating decline

D. Tax elimination

39 / 40

39. Result of increased cash reserve ratio leads to

A. Currency devaluation

B. Enhanced lending

C. Higher consumer demand

D. Reduced inflation

40 / 40

40. Outcome of structural adjustment programs often includes

A. Import growth

B. Social unrest

C. Agricultural surplus

D. Price stability

Your score is

The average score is 52%

FUOYE ECN 204 CBT Practice

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