Which of the following is the function of a central bank?
Accepting deposits from the public
Lending to the commercial banks
Discounting bills of exchange
Agent of payment for individuals
Correct answer is B
No explanation has been provided for this answer.
A continuous fall in the general price level is called
Recession
Depression
Deflation
Stagflation
Correct answer is C
No explanation has been provided for this answer.
Derived demand
Composite demand
Joint demand
Complimentary demand
Correct answer is A
No explanation has been provided for this answer.
Efficient distribution of goods in West Africa will be facilitated by
Poor storage facility
Adequate transportation system
High standard of living
High cost of living
Correct answer is B
No explanation has been provided for this answer.
One of the factors responsible for low agricultural production in West Africa is
Inadequate labour
Shortage of lands
Inadequate implements
Inadequate research
Correct answer is C
No explanation has been provided for this answer.