economics

The situation in which there is persistent fall in the general price level is referred to as?

A. devaluation B. depreciation C. deflation D. inflation Correct Answer: Option C C. deflation

6 years ago

Which of the following is the most liquid asset?

A. Bank notes B. Silver C. Bank deposit D. cheques Correct Answer: Option C C. Bank deposit

6 years ago

The quantity theory of money states that a reduction in the quantity of money in circulation would bring about?

A. a geometrical fall in prices B. a proportionate fall in prices C. a rise in prices D. an unequal…

6 years ago

Money is demanded for which of the following reasons?

A. to meet unforeseen contingencies B. to solve the problem of inflation C. it is easily divisible D. it is…

6 years ago

One of the functions of money is?

A. double coincidence of wants B. unit of accounts C. indivisibility D. making payment through banks only Correct Answer: Option…

6 years ago

In a public corporation, the risks of business are borne by the?

A. workers B. tax payers C. board members D. treasury Correct Answer: Option B B. tax payers

6 years ago

The reward for the shareholders of a company is?

A. wages B. interest C. dividends D. profit Correct Answer: Option C C. dividends

6 years ago

Which of the following is not a condition for a perfect market?

A. homogenous commodity B. ignorance of consumers C. perfect information D. free entry and exit Correct Answer: Option B B.…

6 years ago

The monopolist power can be controlled by the government through?

A. labour union B. price legislation C. import restrictions D. export promotion Correct Answer: Option B B. price legislation

6 years ago

Which of the following is not a trade union in Nigeria?

A. Nigerian Labour Congress B. Academic Staff Union of Universities C. Nigerian Economic Society D. Nigerian Union of Journalists Correct…

6 years ago