economics

The central banks control credit in the economy through the use of?

A. legal tender B. travellers cheque C. foreign exchange instruments D. open market operation Correct Answer: Option D D. open…

6 years ago

Discounting a bill of exchange means the bill is?

A. cashed over the counter B. sold on the stock exchange C. bought for less than its face value D.…

6 years ago

The lender of last resort in the banking system is the?

A. industrial banks B. mortgage banks C. commercial banks D. central banks Correct Answer: Option D D. central banks

6 years ago

Commercial banks deposits are?

A. liabilities B. assets C. capital D. cash at hand Correct Answer: Option A A. liabilities

6 years ago

A persistent and appreciable rise in the general level of price is known as?

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

6 years ago

The term demand for money means?

A. desire to borrow money from people B. desire of an individual to invest all his money in projects C.…

6 years ago

Acceptability, durability, homogeneity and portability are all attributes of good?

A. markets B. money C. banks D. government Correct Answer: Option B B. money

6 years ago

The direct exchange of one goods for another without the use of money is known as?

A. foreign exchange B. exchange rate C. expenditure rate D. barter Correct Answer: Option D D. barter

6 years ago

The profit of the producers can be calculated as the?

A. total cost less total revenue B. average revenue less average cost C. total revenue less total cost D. marginal…

6 years ago

Information about new goods is passed on to buyers through?

A. advertising B. retail trade C. the manufacturer D. wholesale trade Correct Answer: Option A A. advertising

6 years ago