The middlemen in the chain of distribution are
Manufacturers and consumers
Wholesalers and retailers
Consumers and wholesalers
Retailers and consumers
Correct answer is B
No explanation has been provided for this answer.
Excess demand inflation can be controlled through
Contractionary fiscal policy
Contractionary trade policy
Expansionary fiscal policy
Expansionary monetary policy
Correct answer is A
No explanation has been provided for this answer.
The primary objective of the NDIC is to
Give protection to the CBN against fraud
Provide regulations guiding the finance houses
Give protection against fraud
Give protection to bank depositors
Correct answer is D
No explanation has been provided for this answer.
Creeping inflation implies that there is a
Gentle and persistent increase in the general price level
Rapid and persistent increase in the general price level
Gentle but not permanent increase in the general price level
Rapid but not permanent increase in the general price level
Correct answer is A
No explanation has been provided for this answer.
Liquidity preference refers to the
Needs to borrow money for short periods to meet some temporary crises
Wish to hold more funds for precautionary purpose
Need to increase the money supply in order to lower the interest rate
Demand to hold money as assets rather than as stocks
Correct answer is B
No explanation has been provided for this answer.