If Mr .K obtains a N50.000 loan from a bank for the purpo...
If Mr .K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be
Transactionary
Speculative
Precautionary and speculative
Transacttional and speculative
Correct answer is A
The transactionary motive of money is when people hold money for the purpose of meeting their daily needs and wants. It is simply the desire to hold money in order to finance transactions.
A point along a consumer's indifference curve shows ...
An increase in the prices of factor inputs may result in ...
In the analysis of utility theory, the basis of demand is ...
The short-run average variable cost of a firm will rise owing to ...
Which of the following is not an effect of many middlemen in the chain of production? ...
The rate of output per worker (or group of workers) per unit time is called ...
One of the functions of Development Banks is to ...
\(\begin{array}{c|c} \text{Unit of output} & \text{Table cost}\\ \hline 1 & 20 \\ 2 &...
An electrical engineer who is teaching physics in a secondary school is said to be ...
When governments wants to discourage consumption, they tax goods whose demand is ...