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. Quantity theory of money links

A. Currency to imports

B. Money supply to price level

C. Price level to fiscal deficit

D. Velocity to unemployment

2 / 40

2. Result of high fiscal deficit may involve

A. Increased savings

B. Trade embargo

C. Budget surplus

D. Public borrowing

3 / 40

3. Feature of globalization involves

A. Bureaucratic control

B. Market isolation

C. Nationalism

D. Cross-border integration

4 / 40

4. Long-term risk of public debt may cause

A. Technological progress

B. Tax elimination

C. Credit rating decline

D. Higher exports

5 / 40

5. Equation MV = PQ shows

A. Exchange rate fluctuation

B. Money and output relationship

C. Income inequality

D. Fiscal performance

6 / 40

6. Purpose of ERGP focused on

A. Debt accumulation

B. Legal reform

C. Export taxation

D. Recovery and growth

7 / 40

7. Meaning of inflation indicates

A. Rise in price level

B. Boost in employment

C. Growth in exports

D. Decrease in supply

8 / 40

8. Target of Vision 20:2020 set

A. Global military status

B. Top-20 economy status

C. Zero import dependence

D. Low population

9 / 40

9. Economic diversification reduces

A. Budget surplus

B. Oil dependence

C. Education funding

D. Taxation

10 / 40

10. Short-term benefit of deficit spending allows

A. Interest rate drop

B. Stimulated growth

C. Economic contraction

D. Productivity fall

11 / 40

11. Result of foreign direct investment brings

A. Wage stagnation

B. Environmental cleanup

C. Technological transfer

D. Skill erosion

12 / 40

12. Trade liberalization results in

A. Tariff increase

B. Barrier reduction

C. Domestic supply shock

D. Public debt rise

13 / 40

13. Fast fashion serves as a case of

A. Trade embargo

B. Cultural preservation

C. Global supply chain

D. Local tailoring

14 / 40

14. Purpose of reducing budget deficits serves

A. Tax holiday

B. Output stagnation

C. Demand stimulation

D. Inflation reduction

15 / 40

15. Outcome of stagflation includes

A. High output

B. Growth in reserves

C. Low unemployment

D. Inflation with stagnation

16 / 40

16. Cultural impact of globalization includes

A. Wage reduction

B. Nationalist revival

C. Language preservation

D. Cross-cultural exchange

17 / 40

17. Productive borrowing refers to

A. Stockpiling reserves

B. Capital investment

C. Import financing

D. Defense spending

18 / 40

18. Result of foreign direct investment brings

A. Wage stagnation

B. Technological transfer

C. Skill erosion

D. Environmental cleanup

19 / 40

19. Use of subsidies on essentials helps

A. Demand expansion

B. Currency appreciation

C. Budget surplus

D. Direct price reduction

20 / 40

20. Cause of demand-pull inflation relates to

A. Foreign investment surge

B. Excessive demand over supply

C. Increased government debt

D. Rising unemployment

21 / 40

21. Built-in inflation stems from

A. Import restrictions

B. Interest rate drops

C. Wage-price spiral

D. High taxation

22 / 40

22. Influence of monetary policy affects

A. Price level stability

B. Cultural identity

C. Voting behavior

D. Weather patterns

23 / 40

23. Purpose of expansionary monetary policy includes

A. Increasing inflation

B. Curtailing liquidity

C. Stimulating economic growth

D. Limiting exports

24 / 40

24. Goal of raising interest rates targets

A. Deficit expansion

B. Inflation control

C. Wage increase

D. Currency depreciation

25 / 40

25. Advantage of globalization to developing nations includes

A. Industrial decline

B. Higher inflation

C. Cultural isolation

D. Capital inflow

26 / 40

26. Fiscal deficit describes

A. Total exports

B. Profit of firms

C. Trade surplus

D. Spending exceeding revenue

27 / 40

27. NDP 2021–2025 targets

A. Trade closure

B. Food rationing

C. Colonial repatriation

D. Inclusive development

28 / 40

28. Fiscal consolidation aims at

A. Currency printing

B. Inflation targeting

C. Deficit reduction

D. Tax evasion

29 / 40

29. Economic multiplier measures

A. Budget deficit

B. Money printing

C. Output change due to spending

D. GDP variation

30 / 40

30. Risk of external debt includes

A. Currency depreciation

B. Increased domestic trade

C. Agricultural surplus

D. Enhanced autonomy

31 / 40

31. Basic assumption in Fisher's theory holds

A. Constant velocity

B. Variable output

C. Changing velocity

D. Fixed taxation

32 / 40

32. Cash balance approach emphasizes

A. Money supply increase

B. Asset revaluation

C. Money demand

D. Credit creation

33 / 40

33. Excessive borrowing may result in

A. Crowding out investment

B. Free housing

C. Immigration growth

D. Lower wages

34 / 40

34. Built-in inflation stems from

A. Wage-price spiral

B. Import restrictions

C. High taxation

D. Interest rate drops

35 / 40

35. Concept behind fiscal policy involves

A. Taxation and expenditure

B. Cultural preservation

C. Monetary tightening

D. Controlling imports

36 / 40

36. Role of CBN involves

A. Monetary policy

B. Legislature

C. Land reform

D. Defense strategy

37 / 40

37. Role of technology in globalization supports

A. Climate change

B. Price fixing

C. Regional disintegration

D. Faster connectivity

38 / 40

38. Result of increased cash reserve ratio leads to

A. Currency devaluation

B. Higher consumer demand

C. Reduced inflation

D. Enhanced lending

39 / 40

39. Effect of contractionary monetary policy includes

A. Boosting consumer borrowing

B. Enhancing exports

C. Tightening money supply

D. Increasing supply of goods

40 / 40

40. Aim of supply-side policy focuses on

A. Enhancing productivity

B. Fixing wages

C. Restricting credit

D. Cutting interest rates

Your score is

The average score is 51%

FUOYE ECN 204 CBT Practice

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