Under a floating exchange rate regime, the determinant of the exchange rate is
An act of the National Assembly
The highest denomination of the currency
Demand for and supply of foreign goods
The system of government
Correct answer is C
No explanation has been provided for this answer.
The distinction between capital and recurrect expenditure lies in the
Nature of the goods and services to be provided
Time frame of the expenditure
Source of the revenue generated
Amount of expenditure involved
Correct answer is B
No explanation has been provided for this answer.
An advantage of the sole proprietorship over the partnership from of business organisation is that
Its existence is limited by an individual's life span
It relies on the decision of friends to succeed
The possibility of conflict in management is virtually non-existent
It enjoys limited liability for debt in the event of failure
Correct answer is C
No explanation has been provided for this answer.
The ruler
The exercise book
N25.00
N18.00
Correct answer is A
No explanation has been provided for this answer.
Securities are described as listed when they are
Mobilised as long-term debt instruments
Traded on a recognised stock market
Bought and sold purely for development purposes
Mobilized as short-term debt instruments
Correct answer is B
No explanation has been provided for this answer.