economics

Personal savings are generally low in West Africa because of?

A. the level of income of people B. the refusal of banks to grant loans C. overpopulation D. cheaper foreign…

6 years ago

Which of the following is a function of merchant banks?

A. minting of coins B. preparation of government budget C. keeping watch on external reserves of the country D. acting…

6 years ago

Who among the following will benefit from inflation?

A. pensioners B. savers C. debtors D. creditors Correct Answer: Option C C. debtors

6 years ago

Inflation can be controlled by increasing?

A. aggregate supply B. government expenditure C. aggregate demand D. a deficit budget Correct Answer: Option A A. aggregate supply

6 years ago

Which of the following is a function of the Central Bank of Nigeria?

A. serving as a custodian of important valuables B. giving advice to customers C. serving as banker's bank D. creating…

6 years ago

The value of money is best determined by its?

A. size B. purchasing power C. portability D. being recognized Correct Answer: Option B B. purchasing power

6 years ago

Which of the following is a liability of commercial banks?

A. deposits B. money at call C. loans to customers D. overdrafts Correct Answer: Option A A. deposits

6 years ago

Cheques are not money because?

A. there use is confined to business hours B. there are few banks in the rural areas C. they are…

6 years ago

Which of the following is a problem of trade by barter?

A. exchange rate determination B. hoarding C. how to produce D. what to produce Correct Answer: Option A A. exchange…

6 years ago

Census figure of most countries in West Africa is inaccurate because of?

A. low cost of enumeration B. low per capita income C. high degree of illiteracy D. high level of civilization…

6 years ago