A surplus in the balance of payment should be used to
Subsidised multinational companies
Build infracstructures for friendly nations
Make donations to developed countries
Buy investment overseas
Correct answer is D
No explanation has been provided for this answer.
The reward for land as a factor of production is
Interest
Rent
Dividends
Wages
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an economic activity?
Attending a town's meeting
A visit to the stadium
Payment of school fees
Arresting a petty thief
Correct answer is C
No explanation has been provided for this answer.
Which of the following item is under the capital account of a balance of payment?
Repayment of foreign loans
Visible imports
Invisble exports
Cocoa exports
Correct answer is A
No explanation has been provided for this answer.
A policy by which government restrict the amount of foreign currencies bought and sold is known as
Devaluation
Credit creation
Exchanging control
Export promotion
Correct answer is C
No explanation has been provided for this answer.