In open market operations, what the Central Banks sells or buys are
- A. shares
- B. debentures
- C. securities
- D. equities
The different between birth rate and death rate is known as
- A. demographic transition
- B. natural growth rate
- C. migration rate
- D. fertility rate
A price index as a statistic, measures
- A. how the value of money changes over time
- B. the volume of currency in the economy
- C. the exchange rate of a country's currency
- D. the composition of goods and services
Which of the following is not a form of money?
- A. coins
- B. bank notes
- C. bank balance
- D. bank deposit
Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of
- A. bank deposit
- B. joint demand
- C. scale of preference
- D. double coincidence of wants
When depreciation is deducted from Gross National Product, the result is
- A. total national income
- B. gross domestic product
- C. net national product
- D. net domestic product
The national income is the
- A. Gross Domestic Product at market prices
- B. Gross National product at factor cost
- C. Net National Product at factor cost
- D. Net National Product at market prices
If Y = income, C = Consumption, I = Investment, X = Export and M = Import, then national income is
- A. Y = C - I + (x +m0
- B. Y = C + I + (x + m)
- C. Y = C +I +(X - M)
- D. Y =C + I + (m - x)
In a situation where the finished product of an industry is fragile, bulky and perishable, such an industry should be located close to its
- A. raw materials
- B. market
- C. labour supply
- D. power supply
One of the problems facing industrial development in West African countries is
- A. inadequate large market
- B. inadequate infrastructure
- C. inadequate supply of labour
- D. unavailability of natural resources
Which of the following features best describes peasant agriculture in West Africa? It
- A. specializes in the production of one crop
- B. involves the use of small farm holdings
- C. is a capital-intensive system of farming
- D. is mostly associated with tree crops
The following are means of reducing the population of a country except encouraging
- A. emigration
- B. family planning
- C. early marriage
- D. sex education
The financial institution that specializes in risk spreading is called
- A. an investment bank
- B. a development bank
- C. an insurance company
- D. the stockexchange
All of the following is the features of optimum population except
- A. full employment of available resources
- B. unlimited amount of unexploited resources
- C. maximum per capita production and income
- D. high standard of living
`The difference between the number of immigrants and emigrants is
- A. natural growth rate
- B. natural increase
- C. net migration
- D. census
Which of the following is a function of a retailer?
- A. Banking services
- B. Hoarding services
- C. Storage services
- D. Sales services
The type of monopoly that develops as a result of granting patent right is known as
- A. natural monopoly
- B. state monopoly
- C. legal monopoly
- D. discriminating monopoly
The factor of production which takes the initiative in combining resources for production is known as
- A. capital
- B. land
- C. entrepreneur
- D. labour
A public limited company could finance its operations through
- A. government taxes
- B. equity shares
- C. dividend payments
- D. import duties
One reason why small scale businesses are very common in West Africa is that
- A. they can easily float shares
- B. their management boards are easily formed
- C. their initial capital is easy to rise
- D. their dividened payments are very regular
An arrangement in which the debts of a company can only be paid from its own assets implies
- A. unlimited liability
- B. transferred liability
- C. limited liability
- D. capital liability