A reduction in the bank rate encourages commercial banks to create money by
Decreasing the interest rate
Maintaining the interest rate
Doubling the interest rate
Raising the interest
Correct answer is B
No explanation has been provided for this answer.
Mortgage institutions
Investment companies
Pension funds custodians
Pension funds administrators
Correct answer is C
No explanation has been provided for this answer.
An advantage of electronic banking is that it
Enables many customers to operate joint accounts
Reduces risk of bank fraud
Enables a customer to operate many accounts from different locations
Enables a customer to operate his account from different locations
Correct answer is D
No explanation has been provided for this answer.
The logical sequence of basic concepts in economics is
Wants, scarcity, choice and opportunity cost
Wants, choice, scarcity and opportunity cost
Scarcity, wants, choice and scale of perference
Scarcity, choice, scale of preference and opportunity cost.
Correct answer is A
No explanation has been provided for this answer.
The term ceteris paribus implies that
Resources are scarce
Human problems can be solved
Human beings are unpredictable
All factors are fully utilized
Correct answer is D
No explanation has been provided for this answer.