Insurance companies invest mainly in instruments trade on the?
A. capital market B. Money market C. commodity market D. open market Correct Answer: Option A – capital market
In a closed economy; the marginal propensity to consume is 0.6 and the average propensity to consume 0.8. The value of the multiplier is?
A. 2.5 B. 2.6 C. 2.7 D. 2.4 Correct Answer: Option A – 2.5
If the country’s GNP in the current year is N50 billion; and the GNP in the base year N50 billion; the GNP deflector is?
A. 130.0 B. 30.0 C. 15.0 D. 1.3 Correct Answer: Option C – 15.0
In Nigeria; the bank that can correctly be described as a unit bank is?
A. the Central Bank B. people’s bank C. mortgage bank D. community bank Correct Answer: Option A – the Central BankProducts
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