43
which of the following is not a function of money?
- A. store of values
- B. unit of accounts
- C. measures of value
- D. standard for deferred payment
- E. stability in value
44
Data presented in table are usually arranged in
- A. charts and tables
- B. rows and columns
- C. graphs and rows
- D. pictograms and columns
- E. maps and pie charts
45
all the following are source of finance to a Joint Stock Company except
- A. bank loans
- B. equity shares
- C. debentures
- D. preference shares
- E. cooperative thrift
46
money supply at any given point in time refers to as
- A. bank notes, coins abd demand deposits
- B. notes and coins only
- C. minted money
- D. hoarded money
- E. money received as gifts
47
In Economics market is define as
- A. A place where buyers and sellers come together to exchange goods
- B. Any agreement made for consumers to buy all they need
- C. any arrangement made for producers to sell all their goods
- D. any arrangement where by buyers and sellers are in close touch with one another
- E. a place where only consumer goods are sold
48
An inflation in which the price rises steadily at an average rate of about 2% per annum is best described ad
- A. Galloping
- B. Induced
- C. Creeping
- D. Suppressed
- E. Run-away
49
The greatest disadvantages f barter system is the need for
- A. Durability
- B. Divisibility
- C. Homogeneity
- D. Double coincidence of wants
- E. Portability
50
A table which shows the price of a commodity and the quantity of it that is demanded per unit time is a
- A. Time series
- B. Demand series
- C. Demand curve
- D. Demand schedule
- E. Time schedule
51
Scarcity in Economics means that resources
- A. Are not enough to share among producers of goods and services
- B. Needed to satisfy human wants are limited
- C. Are never enough to share among consumers of goods and services
- D. Required to meet our essential wants are unlimited
- E. Can be managed if those who use them can behave rationally