21
Which of the following is likely to be inflationary?
B
increase in unemployment
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The basic purpose of imposing legal reserve requirements on commercial bank is to?
A
assure the profitability of commercial banks
B
provide a device through which credit creation by banks can be controlled
C
provide a proper ratio between earning and non-earning bank assets
D
provide the Central Bank with working capital
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Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%
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Which of the following is a liability of a commercial bank?
B
loans made by the bank to individuals
C
loans made by the bank to other banks
D
Bonds purchased by the bank
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A tax on a commodity whose supply is perfectly inelastic is?
A
shifted completely on the consumer
B
completely borne by the supplier
C
dividend in the ratio 60;40 between the consumer and the supplier
D
divided half-and-half between the producer and the consumer
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Under a system of freely floating exchange rates an increase in the international value of a country's currency will cause?
C
gold to flow into that country
D
its currency to be in surplus
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Balance of trade is the difference between?
A
exports and imports of goods and services
B
capital inflows and capital outflows
C
visible and invisible balances
D
exports and imports of goods
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Which of the following is likely to reduce a surplus in the balance of payments of a country?
B
Increased tariff on imports
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Which of the following is a tariff?
A
Limit on the amount of goods which can be imported
B
Inteest rate on foreign loans
C
Government payment to domestic producers for exports
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Import duties will increase total expenditure on imports if the demand for imports is?
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