The savings deposit in a commercial bank is called
Capital
Funds
Near
Money
Call money
Correct answer is C
Near money is a term used to describe non-cash assets that are very liquid and that are easily convertible into cash. It is also referred to as quasi-money or cash equivalents. Examples of near money are: Savings accounts held in banks.
A profit maximizing monopolist should produce within the range where his demand is
Inelastic
Elastic
Infinitely elastic
Unitary elastic
Correct answer is C
No explanation has been provided for this answer.
A movement from M to T implies that there has been
A decrease in supply
An increase in demand
A decrease in price
An increase in price
Correct answer is D
No explanation has been provided for this answer.
When there is a change from T to N, it implies that
Supply has increased
Quantity supplied has increased
Quantity demanded has increased
Price has fallen
Correct answer is A
No explanation has been provided for this answer.
Absolute cost is least
Absolute money cost is least
Opportunity cost is least
Production possibility curve increases
Correct answer is C
No explanation has been provided for this answer.
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