Which of the following is a function of the Central Bank of Nigeria?
Serving as a custodians of important valuables
Giving advice to customers
Serving as banker's bank
Creating credit
Correct answer is C
No explanation has been provided for this answer.
The value of money is best determined by its
Size
Purchasing power
Portability
Being recognized
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a liability of commercial banks?
Deposits
Money at call
Loans to customers
Overdrafts
Correct answer is A
No explanation has been provided for this answer.
There use is confined to business hours
There are few banks in the rural areas
They are not generally acceptable as a medium of exchange
They are not issued by government
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a problem of trade by barter?
Exchange rate determination
Hoarding
How to produce
What to produce
Correct answer is A
No explanation has been provided for this answer.