Which is the most liquid of the following financial assets held by an individual?
Outstanding balance on the current account of a commercial bank
A credit balance on a savings account
A crossed postal order
An insurance policy
All of the above
Correct answer is B
No explanation has been provided for this answer.
The trade agreement between two countries
The difference in the volumes of exports of two countries
The value of a unit of export in relation to the value of a unit of import
The production of total value of exports to the value of total trade
None of the above
Correct answer is C
No explanation has been provided for this answer.
The foreign exchange rate of a country is
The interest rate fixed by the central bank
The price of one national currency in terms of another
The rate at which the central bank issues money
The rate of interest on government bonds
None of the above
Correct answer is B
No explanation has been provided for this answer.
Total amount of an income tax
A certain percentage on the value of a commodity
A certain percentage tax on the volume of commodity
A tax on capital gain
A profit tax
Correct answer is B
No explanation has been provided for this answer.
Which of the financial institutions cannot direct tax loans to individuals?
The agricultural bank
The Industrial bank
The central bank
The Co-operative bank
The Standard bank
Correct answer is C
No explanation has been provided for this answer.