In commercial banking, an account from which the customer cannot withdraw money instantly is a?

• A. demand deposit account
• B. time deposit account
• C. special deposit account
• D. savings deposit account

Privatization of government-owned companies means the?

• A. relinquishing of government equility participation to private individuals
• B. recapitalization of distressed government-owned companies
• C. joint paticipation of government and private individuals
• D. commercialization and deregulation of the economy

Banks can create more money by?

• A. increasing its cash ratio with the Central Bank
• B. issuing more banks cheques
• C. accepting more deposits from customers
• D. lending out money from customers deposits

If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?

• A. N12 billion
• B. N15 billion
• C. N20 billion
• D. N25 billion

In a country, if the proportion of people who are below 15 years is 45% and those above 60 years is 30%, this implies that the?

• A. dependency is ratio high
• B. population is optimum
• C. active population is large
• D. population is growing according to Malthus theory

Stock and shares as well as bonds are examples of instruments used in the?

• A. commodity markets
• B. money markets
• C. capital markets
• D. security markets

Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to oranges and oranges to bananas. Ike's preferences are therefore?

• A. inconsistent
• B. consistent
• C. transitive
• D. rational

The greatest proportion of government revenue in Nigeria comes from?

• A. export of raw materials
• B. income taxes on individuals and business
• C. custom duties and excise duties
• D. loans and grants from industrially advanced countries

One of the dangers of the localization of industries is?

• A. residual employment
• B. mass unemployment
• C. structural unemployment
• D. cyclical unemployment

An important feature of a cartel is that?

• A. members do not reduce price below the cartel price
• B. each member has a fixed output above which it is not expected to produce
• C. a powerful member fixes the price at which others will sell
• D. membes fix the prices for their products