Surplus in balance of payments leads to _______
Government budget surplus
Increase in foreign reserves
Decrease in foreign reserves
None of the above
Correct answer is B
No explanation has been provided for this answer.
When a nation's exports are greater than its imports,________
The net foreign trade is zero
A favourable balance of trade exists
A favourable balance of payment exists
An unfavourable balance of trade exists
Correct answer is B
No explanation has been provided for this answer.
Inflation is likely to benefit______
Debtors
Persons with back savings
Creditors
Persons who lived on fixed pension funds
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a character of perfect competition?
Supply and demand are equal
Products are identical
There is perfect knowledge
There is no advertising
Correct answer is A
No explanation has been provided for this answer.
The Power Holding Company of Nigeria (PHCN) is a _______
Public limited company
Private authority
Public Corporation
Public Liability company
Correct answer is C
No explanation has been provided for this answer.