Commercial bank reserves at the Central Bank have the effect of
Controlling credit and money supply
Discouraging banking operations
Advancing trade prospects
Reducing bank frauds
Correct answer is A
No explanation has been provided for this answer.
The stock exchange market is where
Businessmen borrow some capital
The federal government trades on treasury bills
Existing bonds and stocks are traded
New stocks and shares are bought or sold
Correct answer is C
No explanation has been provided for this answer.
Cost-push inflation is caused by?
Growth of government expenditure
Increase in factor prices
Increase in money supply
Hoarding
Correct answer is B
No explanation has been provided for this answer.
A major factor affecting the value of money is the
Price level
Banking habit
Transaction motive
Divisible nature of money
Correct answer is A
No explanation has been provided for this answer.
The term 'double coincidence ' of wants is usually associated with a
Bilateral exchange mechanism
Monetary exchange mechanism
Stock exchange system
Barter exchange mechanism
Correct answer is D
No explanation has been provided for this answer.