A. gold standard B. barter system C. commodity system D. gold exchange standard E. cheque system Correct Answer: Option B…
A. the Green Revolution in Nigeria is agricultural B. it supplies all the food stuffs consumed in Ghana alone C.…
A. the government controls price in the economic system B. prices tend to rise to a general level C. price…
A. are available B. can be found everywhere C. are constant D. are scarce E. are unlimited Correct Answer: Option…
A. budget deficit B. balanced budget C. budget surplus D. budget statement E. unfavourable budget Correct Answer: Option A -…
A. are levied on the income and profit of the individuals and firms B. always affects the producer only C.…
A. cost-push inflation B. hyper-inflation C. demand-pull inflation D. creeping inflation E. runaway inflation Correct Answer: Option C - demand-pull…
A. accepting deposits from the public B. serving as banker to the government C. lending to the public D. safekeeping…
A. currency available in the banks B. currency in circulation and time deposits C. currency in circulation and saving deposits…
A. price discrimination B. price control C. perfect market D. equilibrium price E. market structure Correct Answer: Option B -…