Which of the following is mostly used to determine the cost of living?
Marginal changes in prices
Consumer price index
Prices of imported and exported commodities
Producer price index
Correct answer is B
No explanation has been provided for this answer.
Which of the following is the cheapest for the government in improving the welfare of its citizens?
Subsidy
Income supplement
Donation to specific projects
Wages increase
Correct answer is C
No explanation has been provided for this answer.
Demand for increased special deposit
Decrease the cash ratio
Buy securities in the open market
Reduce the rate of interests at which banks borrow from it
Correct answer is A
No explanation has been provided for this answer.
A bank is said to be distressed when it
Is unable to deal with the Central Bank
Has a low level of capital base
Has low level of deposits
Experiences serious liquidity crisis
Correct answer is D
No explanation has been provided for this answer.
The best method to curb inflation in Nigeria is to
Reduce importation of commodities
Increase the general level of production
Reduce the volume of money supply
Set up price control boards
Correct answer is B
No explanation has been provided for this answer.