An increase in both the legal reserve ratio and discount rate has the effect of
Increasing the quantity of money in circulation
Decreasing the quantity of money in circulation
Increasing the value of money
Decreasing the value of money
Correct answer is B
No explanation has been provided for this answer.
The Nigerian National Oil Company
Peak Petroleum Industries Nigeria Limited
Nigeria Exploration and Production Company
The Nigeria National Petroleum Corporation
Correct answer is D
No explanation has been provided for this answer.
Less than one
Equal to one
Greater than one
Equal to zero
Correct answer is C
No explanation has been provided for this answer.
Petroleum is the mainstay of the Nigerian economy because it is the
Main foreign exchange earner
Greatest employer of labour
Greatest contributor to the growth of agriculture
Source of high income for its workers
Correct answer is A
No explanation has been provided for this answer.
10 percent
20 percent
30 percent
40 percent
Correct answer is D
No explanation has been provided for this answer.