The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
Banks only
Discount houses only
Banks and discount houses
Banks, discount houses, and stock exchanges
Correct answer is C
The money supply consist of M \(^1\) and M \(^3\). M \(^3\) is a measure in money supply. M \(^3\); This is M \(^1\) plus deposits on deposit account held by barks and discount houses.
One of the major criticism of the 1962 -1968 National Development Plan was that
It failed to incorporate lessons gained from earlier plans to enhance its efficiency
It came too quickly after the country's independence
Planned expenditure was based too heavily on expected earnings from crude oil
Its execution was based largely on foregn-sourced financial resources
Correct answer is A
No explanation has been provided for this answer.
The use of legally permissible means to reduce tax liabilities is known as tax?
Evasion
Avoidance
Relief
Exemption
Correct answer is C
Tax relief is any government program or policy initiative that is designed to reduce the amount of taxes paid by individuals or businesses.
When a country's population is experiencing increasing returns, that country is said to be
Overpopulated
Economically poor
Over-producing goods and services
Underpopulated
Correct answer is A
Increasing returns occur when the output increases in a greater proportion than the increase in input. Now, when a country population is experiencing increasing returns, it means its population is rising and may get to a point where it becomes over populated.
The most important goal of OPEC is to
Present a united front for the purpose of raise prices of crude oil
Bring unity among the petroleum exporting countries
Ensure political stability among member states
Ensure that rules on quota production are strictly followed
Correct answer is D
No explanation has been provided for this answer.