In Nigeria; the bank that can correctly be described as a unit bank is?
A. the Central Bank B. people’s bank C. mortgage bank D. community bank Correct Answer: Option A – the Central Bank
National Income estimates can be used to?
A. differentiate between the rich and the poor in a country B. prepare a country’s annual budget C. protect the level of a country’s economic development D. compare a country’s growth rate with that of another over a period of time Correct Answer:...
The stock exchange is a market for the buying and selling of?
A. monetary instruments B. new shares C. existing shares D. treasury bills Correct Answer: Option C – existing shares
The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?
A. competitive B. composite C. supplementary D. complementary Correct Answer: Option D – complementary
In a centrally planned economy; the economic problem of deciding what to produce is dependent on?
A. average profit B. state command C. average cost D. relative prices Correct Answer: Option B – state command Explanation A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government,...Products
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