The ultimate objective of Economics is to
Make effort to understand how the Economy works
Make the best use of scarce resources
Organize production at the lowest cost
Decide under what circumstances the government should intervene inthe economy
Correct answer is B
No explanation has been provided for this answer.
Banks can create more money by
Increasing its cash ratio with the Central Bank
Issuing more banks cheques
Accepting more deposits from customers
Lending out money from customers deposits
Correct answer is D
No explanation has been provided for this answer.
The borrowing rights of a member country of the international Monetary Fund are determined by
The seriousness of the country's economic problems
Its balance of payments position
Its quota to the fund
The size of gold reserve
Correct answer is C
No explanation has been provided for this answer.
In commercial banking, an account from which the customer cannot withdraw money instantly is a
Demand deposit account
Time deposit account
Special deposit account
Savings deposit account
Correct answer is B
No explanation has been provided for this answer.
Dumping
Counter trade
Bilateral trade
Trade liberalization
Correct answer is A
No explanation has been provided for this answer.