A huge national debt is an indication that the gold reserves of a nation has A. appreciated
Appreciated
Decreased
Depreciated
Stagnated
Correct answer is D
No explanation has been provided for this answer.
An ad valorem tax is imposed on
Special commodities
Exports
Imports
The value of a commodity
Correct answer is D
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT)
The major function of money market is to
Provide funds for long-term financing
Provide funds short-term financing
Stabilize the value of the local currency
Stabilize domestic prices
Correct answer is B
Money market is a financial market for sourcing of short term loans. The funds traded on in the money market have a maturity date of 0-3 months
The minimum amount which banks are required to deposit with the central bank is determined by the
Liquidity ratio
Cash reserve ratio
Minimum lending rate
Aggregate credit ceiling
Correct answer is B
Cash Reserve Ratio (CRR) is a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank.
The money that commands a higher market value than its face value is called
Paper money
Standard money
Commodity money
Fiat money
Correct answer is D
No explanation has been provided for this answer.