Nigeria earns the major part of her foreign exchange from the export of?
Manpower to another countries
Crude oil
Petroleum products
Groundnuts and cotton
Palm oil and cocoa
Correct answer is B
No explanation has been provided for this answer.
By balance of visible trade we mean?
Import and export of goods
Import and export of service
Balance of current account in the balance of payment
Balance of capital account in the baalance of payment
All of this
Correct answer is A
No explanation has been provided for this answer.
International trade arise because?
One country has more abundant resource
One country has the technology to produce the commodity whilst the other has not
One country has the maximum comparative advantage or minimum comparative disadvantage in the production
One country has manpower to produce the commodity than the country
All of the above
Correct answer is E
No explanation has been provided for this answer.
Its usefulness
Power to satisfy a want
Price of the commodity
Satisfaction derived from the product of commodity
Its adaptability
Correct answer is D
No explanation has been provided for this answer.
Commercial banks can create money in the following ways?
By using coins and paper money
By borrowing money from banks abroad
By receiving deposit from individuals
By printing money on the instruction of the central bank
None of the above
Correct answer is C
No explanation has been provided for this answer.