Which of the following is NOT a determinant of changes in supply?
Changes in the cost of production
Technical progress
Weather
Changes in the number of producers
Changes in the number buyers
Correct answer is E
No explanation has been provided for this answer.
Which of the following is NOT a measure for controlling inflation?
Reduction in money supply
Wage restraint and wage freeze
Reduction in taxes and increase in government spending
Price control
Credit restriction
Correct answer is C
No explanation has been provided for this answer.
Indicate which of the following are invisible trade items in a country’s balance of payments?
Oil exports and imports
Gold and foreign reserves
Foreign investment
Dividends and profit
Expenditure on the shipping and tourism
Correct answer is E
No explanation has been provided for this answer.
In Nigeria, cheques are not money because?
Their use is confined to business houses
There are no banks in rular areas
They are not legal tender
They are not generally acceptable as a medium of exchange
Most Nigerians cannot identify them
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT a function of Nigeria commercial Banks?
Acceptance of deposit
Lending of money
Investment in securities and business
Issue of currency
Selling and buying of travellers cheques
Correct answer is D
No explanation has been provided for this answer.