A non-bank financial intermediary which is regarded as a pool of risks is the
Cooperative society
Stock exchange
Insurance company
Post office
Correct answer is C
No explanation has been provided for this answer.
Which of the following financial institutions was originally known as a Building Society?
Development banks
Insurance company
Mortgage banks
Merchant banks
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true under rapid inflation? People
Demand less foreign exchange
Set up businesses
Rush to pay their taxes
Hardly wants to lend money
Correct answer is D
No explanation has been provided for this answer.
The value of money is generally measured in relation to the
Interest rate charged on the bank loans
General price level
Size of a country's gold stock
Volume of imports
Correct answer is B
No explanation has been provided for this answer.
Long-term loans can be secured from
Commercial banks
Discount houses
Development banks
Acceptance houses
Correct answer is C
No explanation has been provided for this answer.