The term of trade often measured by the ratio of the index of export
Divided by the index of import prices multiplied by 100
Multiplied by the index of import prices
Plus the index of import prices multiplied by 100
Minus the index of import prices
Correct answer is A
No explanation has been provided for this answer.
The Central Bank instrument of control does NOT include
Open market operation
Moral sanctions
Reverse requirements
Selective credit control
printing bank notes
Correct answer is B
No explanation has been provided for this answer.
The term balance of trade, can be defined as the
Relation between value of exports and value of imports over a given period of time
Balance owed to the rest of the world in payment for imports
Price paid for imports in term of exports
Relation between payments of all kind made by a country to the rest of the world, over a given period of time
Correct answer is A
No explanation has been provided for this answer.
Balance of payment deficit in Nigeria CANNOT be solved by
Importing more goods and services
Devaluation of the currency
Imposing import duties
Imposing import bans on some commodities
Correct answer is A
No explanation has been provided for this answer.
A buoyant market
Plenty of raw materials
The greatest relative advantage
Executive manpower
Correct answer is C
No explanation has been provided for this answer.