economics

Which of the following is an asset of a commercial bank?

A. Reserve funds B. Shareholders capital C. Customers' deposits D. Treasury bills Correct Answer: Option D D. Treasury bills

6 years ago

Which of the following is a function of money?

A. Medium of Communication B. Measure of securities C. Store of Wealth D. Discounting bills of exchange Correct Answer: Option…

6 years ago

The value of money is affected by the ________?

A. speculative motive B. price level C. precautionary motive D. intervention of development Correct Answer: Option B B. price level

6 years ago

A co-operative society is a?

A. finance house B. self -help business organization C. public corporation D. non-democratic business organization Correct Answer: Option B B.…

6 years ago

A budget is balanced when the expected total revenue is?

A. greater than expected expenditure B. less than total expenditure C. equal to expected expenditure D. greater than total expenditure…

6 years ago

Which of the following is a function of merchant banks?

A. Acting as bankers' bank. B. Lending to the commercial banks as a last resort C. controlling inflation in the…

6 years ago

General rise in the price level induced by the increased price of inputs is referred to as?

A. run-away inflation B. cost-push inflation C. demand-pull inflation D. imported inflation Correct Answer: Option B B. cost-push inflation

6 years ago

In the balance of payments of a country, tourism is classified under?

A. capital account B. invisible trade C. merchandise trade D. official reserves Correct Answer: Option B B. invisible trade

6 years ago

Trade between the two countries is known as?

A. bilateral trade. B. bilateria trade C. multilateral trade D. internal trade Correct Answer: Option A A. bilateral trade.

6 years ago

All economic systems must decide what to produce because?

A. resources are not available B. consumers want maximum satisfaction C. resources are limited in supply D. producers want maximum…

6 years ago