One of the functions of the commercial banks is that it is
Responsible for monetary policy
Responsible for issuing currency note
The lender of last resort
The banker of the government
A banker of demand and time deposits of customer
Correct answer is E
No explanation has been provided for this answer.
The petrochemical industries are located in the River State of Nigeria due to
favourable climate
favourable soil
Oil deposits
Palm oil products
Coal deposit
Correct answer is C
No explanation has been provided for this answer.
Establishment of industries
Presence of mineral deposits
Transportation facilities
Favourable soils
Favourable climate condition
Correct answer is B
No explanation has been provided for this answer.
When a business has unlimited liability
All its profits can be taxed away by the government
All its assets are owned by the members of its board of directors
The business ceases to exist at the death of one of its owners
The owners are responsible for all its financial debts
The owners are not responsible for all its financial debts
Correct answer is D
No explanation has been provided for this answer.
The purchasing power of the naira will fall when
The naira is devalued
Government cuts all salaries and wages
There is inflation
The colour of the naira is changed
Workers are retrenched
Correct answer is C
No explanation has been provided for this answer.