Which of the following is NOT one of the balance of payment entries?
The current account
Foreign exchange
Import and Export duties
Short-term capital
Long-term capital
Correct answer is B
No explanation has been provided for this answer.
A commercial bank is able to create money
By printing it
By maintaining reserve
By creating a demand deposit as it gives a new loan
By issuing cheques to depositors
By borrowing from the central bank
Correct answer is C
No explanation has been provided for this answer.
The value of money depends primarily on?
The gold backing of the currency
The gold backing of both currency and deposit
The general price level
Government decree that it is legal tender
None of the above
Correct answer is C
No explanation has been provided for this answer.
A disadvantage of the corporate form of business is the?
Risk of the owners of loss of personal effects if the business should fail
Ability of the corporation to is financial resources
Limited life span of the corporation
Problems presented by separation ownership from control
None of the above
Correct answer is D
No explanation has been provided for this answer.
In a free market economy, the rationing of scarce goods is done principally by
The government
Business organizations
The price mechanism
Consumers
Both A and B
Correct answer is D
No explanation has been provided for this answer.