MBF833 Past Questions July 2018 (NOUN)

NATIONAL OPEN UNIVERSITY OF NIGERIA

PLOT 91, CADASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI-ABUJA

FACULTY OF MANAGEMENT SCIENCES,

DEPARTMENT OF FINANCIAL STUDIES

JULY 2018 EXAMINATION

COURSE CODE: MBF833                                                                         CREDIT UNIT: 3           

COURSE TITLE: MONEY AND BANKING

TIME ALLOWED: 3 HOURS

Instructions:

    1. Attempt Question 1 and any other three (3) Questions.
    2. Question 1 is compulsory and carries 25 marks while the other Questions carry 15 marks each.
  • Present all your points in a coherent and orderly manner.

 

1a. The origin of money has been through various stages from Commodity Money up to Near Money stage. What does Near Money entail? Discuss five stages of the evolution of money.

(7.5 marks)

1b. Discuss the Fisherian Approach of the Classical theory of the Demand for money.

(7.5 marks)

1c. Bank rate policy has not been adjudged to be very effective in controlling credit in Less

Developed Countries (LDCs) due to some lapses: Discuss five of such lapses.  (10marks)

2a. Recently the Nigerian economy has tumbled into the hyperinflationary abyss. As a Financial Analyst explain the concept of Hyperinflation.                                                      (7.5marks)

.

2b. Explain succinctly the concept of Financial Dualism. (Let each point be stated in a paragraph).                                                                                                                       (7.5marks)

3a. Direct Control measure of Inflation suffers some observed limitations. Briefly explain five of

such limitations.                                                                                                    (10 marks)

3b. Keynesian theory is reputed for identifying three motives for holding money. What do you understand by speculative motive?                                                                             (5 marks)

(4a)  Monetary economists hold different views regarding the constituents of money supply. In this context, discuss the modern view.                                                                    (7 marks)

 

(4b) Adduce eight reasons in favour of price stability in Nigeria                              (8 marks)

(5a) Banks do not possess unlimited powers to create credit. State five limitations suffered by Commercial banks in a bid to create credit.                                                              (5 marks)

(5b) Discuss succinctly five objectives of Credit control.                                          (10 marks)

 (6a). The monetary authority while determining the supply of currency and coins must be guided by the general requirements of the economy. Discuss five (5) factors that influence the currency component of the money supply in developing economies like Nigeria.    (10 marks)

 

(6b)  Although Banks with commercial banking License in Nigeria have three categorizations yet they perform similar functions. Explain five of these functions?                             (5 marks)


You can purchase your MBF833 Pop Past Questions 

What you will get in this file is a compilation of MBF833

April 2014 Exam Past Questions

July 2018 Exam Past Questions

This means it is past questions for 2 semesters. GET IT HERE

N.B – You can also purchase all your course pop past questions for #1000


You can confirm to get the Exam Summary for this course.

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