Its exports to rise
Its imports to rise
Gold to flow into that country
Its currency to be in surplus
Correct answer is B
No explanation has been provided for this answer.
A tax on a commodity whose supply is perfectly inelastic is
Shifted completely on the consumer
Completely borne by the supplier
Dividend in the ratio 60; 40 between the consumer and the supplier
Divided half-and-half between the producer and the consumer
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a liability of a commercial bank?
Deposits in bank
loans made by the bank to individuals
loans made by the bank to other banks
Bonds purchased by the bank
Correct answer is A
No explanation has been provided for this answer.
700.00
600.00
500.00
400.00
Correct answer is C
No explanation has been provided for this answer.
The basic purpose of imposing legal reserve requirements on commercial bank is to
Assure the profitability of commercial banks
Provide a device through which credit creation by banks can be controlled
Provide a proper ratio between earning and non-earning bank assets
Provide the Central Bank with working capital
Correct answer is B
No explanation has been provided for this answer.