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JAMB Economics 1992 Question 34

Question 34

Money and Inflation

Monetization refers to the ratio of

  1. A.total transactions to monetary transactions
  2. B.monetary assets to total assets
  3. C.monetary transactions to total transactions
  4. D.money in circulation to total income
Show the answer and explanation

Answer: D (money in circulation to total income)

Explanation

The book takes monetization as the ratio of money in circulation to national income, a measure of how much the economy uses money.