43
Which financial institution is charged with the formulation of monetary polices in Nigeria?
- A. The Central Bank of Nigeria
- B. The Nigeria Deposit Insurance Corporation
- C. The Abuja Commodity Exchange
- D. The Lagos Stock Exchange
44
The capital market provides business firms with the avenue to
- A. lease capital equipment
- B. obtain long-term funds
- C. obtain short-term funds
- D. purchase capital equipment
45
In an open economy, the GNP is measured as
- A. C+I+G+X
- B. C+I+G+(X-M)
- C. C+I+G+M
- D. C+I+G
46
The primary function of non-bank financial institutions is to
- A. manage investment portfolios for government
- B. mobilize savings for investment
- C. grant loans to banks
- D. receive deposits from banks
47
At the maximum point of the total product curve of a firm, marginal revenue is
- A. decreasing
- B. increasing
- C. constant
- D. zero
48
The role of the Central Bank in the economic development of Nigeria is to
- A. give short-and medium-term loans to the public
- B. give financial and technical advice to customers
- C. use cheques and bankdrafts to faciliate business transactions
- D. maintain a stable price system
49
By advertising, a monopolistic competitive firm tries to shift its
- A. supply curve to the right
- B. demand curve to the right
- C. supply curve to the left
- D. demand curve to the left
50
Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?
- A. 5
- B. 10
- C. 4
- D. 2