Mortgage banks give loan to investors on long term basis to
Finance agriculture
Establish banks
Acquire machinery
Build houses
Correct answer is D
No explanation has been provided for this answer.
Deflation can be controlled by increase in
The bank rate
Income tax
The price level
The budget deficit
Correct answer is C
No explanation has been provided for this answer.
In the money market, money can only be borrowed for
Long term
Short term
Capital project
Public utilities
Correct answer is B
No explanation has been provided for this answer.
When price elasticity of supply is equal to 0.4, supply is said to be
Inelastic
Elastic
Unitary elastic
Public utilities
Correct answer is A
No explanation has been provided for this answer.
In a perfect market, price and quantity to be bought are determined by the
Consumers and retailers
Producers and wholesalers
Forces of demand and supply
Interest of government and producers
Correct answer is C
No explanation has been provided for this answer.