economics

A cheque book is issued to customers of a bank operating a?

A. savings account B. time deposit account C. current account D. fixed deposit account Correct Answer: Option C C. current…

6 years ago

The motive for holding money for investing in securities is referred to as?

A. transactionary B. speculative C. accumulation D. deflationary Correct Answer: Option B B. speculative

6 years ago

One way to solve the economic problem of inflation in a country is by increasing the?

A. supply of commodities B. supply of currency C. salaries of workers D. demand for commodities Correct Answer: Option A…

6 years ago

The tendency for prices to rise while the value of money fall is known as?

A. bills of exchange B. inflation C. depreciation D. deflation Correct Answer: Option B B. inflation

6 years ago

The policy of government to increase the supply of money to meet its own expenditure plans is likely to be?

A. speculative B. deflationary C. inflationary D. contractionary Correct Answer: Option C C. inflationary

6 years ago

Which of the following is a legal tender in West Africa?

A. Treasury Bill B. Share C. Credit card D. Currency Correct Answer: Option D D. Currency

6 years ago

Advertising expenses would not be necessary under perfect competition because?

A. consumers would have complete knowledge of goods B. cost of production would be at the maximum level C. every…

6 years ago

For a monopolist, the average revenue (AR) curve is?

A. above the total curve B. the same as the marginal cost curve C. above the marginal revenue curve D.…

6 years ago

Which of the following is not a reason for establishing public enterprises?

A. discouraging investors B. opening up neglected parts of the country C. effective control of a natural monopoly D. rapid…

6 years ago

Buying and selling of shares is a function performed mostly by the?

A. insurance companies B. stock exchanges C. merchant banks D. discount houses Correct Answer: Option B B. stock exchanges

6 years ago