The term 'Stock of Capital 'means
Amount of money necessary to start a business
Total amount receivable by all factors of production
Amount of equipment plant and inventory existing at a time
Total amount available for economic development
Correct answer is C
No explanation has been provided for this answer.
Banks aid economic expansion and development by
Being very strict in lending policies
Mobilising savings for investment lending
Paying interest on deposit accounts
Charging high interest on loans
Correct answer is B
No explanation has been provided for this answer.
An effect of inflation is that it
Discourages trade by barter
Favours debtors at the expense of creditors
Increases the real income of salary earners
Increases the value of a country's exports
Correct answer is B
No explanation has been provided for this answer.
Fiduciary issue is that part of
The issue of notes backed entirely by gold
A country's currency which is not negotiable
The issue of notes not backed by gold
A country's currency officially issued
Correct answer is C
No explanation has been provided for this answer.
To perform its function as a store of wealth and standard for deferred payment, money must be
Portable
In attractive form
Stable in value
Spent more on capital goods than on consumer goods
Correct answer is C
No explanation has been provided for this answer.