JAMB Economics 2021 Objective — Question 18
Question 18 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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18. Speculative demand for money depends on a. Income b. Return on investment c. Marginal propensity to consume d. None of the above
- A. Income
- B. Return on investmentCorrect
- C. Marginal propensity to consume
- D. None of the above
Explanation
Speculative demand for money is the demand for money held for investment opportunities; the return on investment is the key determinant of this demand.
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