One way to solve the economic problem of inflation in a country is by increasing the

A. supply of commodities

B. supply of currency

C. salaries of workers

D. demand for commodities

The motive for holding money for investing in securities is referred to as

A. transactionary

B. speculative

C. accumulation

D. deflationary

A cheque book is issued to customers of a bank operating a

A. savings account

B. time deposit account

C. current account

D. fixed deposit account

Amount proposed for payment of wages and salaries in a budget is regarded as part of

A. recurrent expenditure

B. direct investment

C. recurrent revenue

D. capital receipts

The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is

A. total interest payment

B. net income generated internally

C. total national savings

D. net income from abroad

Which of the following agricultural system is mainly for the cultivation of food crops for family consumption?

A. Co-operative farming

B. Commercial farming

C. Subsistence farming

D. Plantation farming

Agriculture is important to the economy of West African countries because it is the source of

A. power

B. equipment supply

C. industrial input

D. technological progress

The economic system in which the state takes the economic decision s through detailed planning is

A. Capitalism

B. socialism

C. traditional economic system

D. mixed economic system

A mixed economy combines the characteristics of both

A. planned and capitalist economies

B. exchange and subsistence economies

C. subsistence and planned economies

D. capital and exchange economies

In a rapidly growing economy, a change in technology which is labour saving is likely to cause

A. residual unemployment

B. structural unemployment

C. disguised unemployment

D. frictional unemployment