Elastic supply
Joint supply
Exceptional supply
Competitive supply
Correct answer is B
Joint supply is where an increase or decrease in the supply of one good leads to an increase or decrease in supply of a by-product. For instance, an increase in the production of computers would lead to a corresponding increase in the supply of computer software, because a computer requires a software to operate.
Which of the following is an asset of a commercial bank?
Reserve funds
Shareholders capital
Customers' deposits
Treasury bills
Correct answer is D
Treasury securities include short term bills, intermediate term notes and long term bonds. These bonds are an asset for banks in the same way that loans are an asset. The bank will receive a stream of payments in the future.
Which of the following is a function of money?
Medium of Communication
Measure of securities
Store of Wealth
Discounting bills of exchange
Correct answer is B
No explanation has been provided for this answer.
The value of money is effected by the
Speculative motive
Price level
Precautionary motive
Intervention of development
Correct answer is B
No explanation has been provided for this answer.
Finance house
Self-help business organization
Public corporation
Non-democratic business organization
Correct answer is B
No explanation has been provided for this answer.