Foreign exchange control in Nigeria is administered by the
United Bank for Africa
Union Bank of Nigeria
First Bank Of Nigeria
Central Bank of Nigeria
Natonal Bank of Nigeria
Correct answer is D
No explanation has been provided for this answer.
It would allowed for more money to be spent on luxuries
The interest rate on the loan will increase
It would decrease the demand for Nigeria's exports
it would worsen Nigeria foreign exchange situation
Nigeria's oil would sell less in the world market
Correct answer is D
No explanation has been provided for this answer.
The argument of tariff protection in less developed economies is that such a measure would
Raise the price of goods affected abroad
Make consumers pay a higher price for the domestically produced output
Protect young industries from ruinous competition from abroad
Help reduced excess capacity in domestic industries
Stifle private investment intiatives
Correct answer is C
No explanation has been provided for this answer.
By terms of trade, we mean the
Ratio of exports and imports
Differences between exports and imports
Differences between current account and capital account
Index of export prices to import prices expressed as a percentage
Ratio of short-term capital movements to long-term
Correct answer is D
Terms of trade (TOT) refers to the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods.
Tax which is levied on goods manufactured, sold, or used within a country is?
Sales tax
Excise tax
Direct tax
Income tax
Poll tax
Correct answer is B
No explanation has been provided for this answer.