Changes in the value of money can be measured by

A. The distributors

B. A price index

C. A demand index

D. A supply index

E. The use of cheque

The efficiency of a country's labour force depends on all the following except

A. improved working conditions

B. better and health care facilities

C. adequate training

D. stable economy

E. frequent strikes and lock-outs

Which of the following is a bank's responsibility to it's shareholders?

A. making profits

B. creating money

C. paying high interest rate

D. preventing inflation

E. issuing currencies

Deficit financing means

A. receiving grants from the IMF

B. having budget surplus

C. excessive government spending on banks

D. borrowing to finance a budget

E. inadequate supply of money from the finance companies

Development banks mainly provides

A. savings account facilities for a developing economy

B. foreign exchange facilities for importers and exporters

C. capital for development of specific sectors

D. capital for hire-purchase of machinery

E. capital for the development of special banks

In calculating the Gross National Product (GNP) by the income approach , all the following are included except

A. wages and salaries

B. direct taxes paid by persons and companies

C. rents on houses

D. retirement benefits

E. business profits

Exchange control is a weapon used in regulating

A. Internal trade

B. Stock exchange

C. Foreign exchange

D. Barter trade

E. Exchange of personal properties

The current and capital accounts in Nigeria’s balance of payments contain all the following items except

A. oil export

B. receipts for shipping services

C. cost of aviation

D. foreign investment

E. IMF Standard Drawing Right (SDR)

Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The

A. wholesaler

B. shareholders

C. retailer

D. consumers

E. entreprenuer

Economic growth specifically refers to the

A. reliance on imported goods in preference to home-made goods

B. sustained increase in the output of goods and services per head

C. change in technical and institutional arangment of the economy

D. continued increase in the depletion of a country's natural resources

E. increase in the total number of people in the economy