One of the functions of Development Banks is to
Mint money for the development of the economy
Provide short-term loans to commercial banks
Provide medium and long-term finance for the development of the banking system
Provide medium and long-term finance for the development of the economy
Correct answer is D
No explanation has been provided for this answer.
One disadvantage of trade by barter is that
People are happier when they exchange the same quantities of goods through the medium of money rather than by barter
The person wishing to buy good X may not have good Y which is what the other wants
One person must always be cheated when trade takes place by barter
It increases the initial cost of producing goods
Correct answer is B
No explanation has been provided for this answer.
Products are relatively cheap to transport to market centers
Products are relatively more expensive to transport than the major raw materials
Raw marterials are bulky
Raw marterials can also be imported
Correct answer is B
No explanation has been provided for this answer.
A characteristic of a debenture is that
Its yield is based on profits
Its yield is a fixed rate of interest
It has no redemption date
There is a voting right when interest is paid
Correct answer is B
No explanation has been provided for this answer.
A disadvantage of a joint-stock company is
Unlimited liability
Limited liability
Continuity
Loss of controlling interest
Correct answer is D
No explanation has been provided for this answer.