Money

The most unique quality of money is its A Relative scarcity B Divisibility C Durability D General acceptability foreign exchange control in most West African countries is is enforced by the A development banks B Merchant banks C ministry of economic planning D Central banks Commercial banks settle their inter-bank indebtedness through A merchant banks B central banks C development banks D stock exchange which of the following banks grant credit facilities to individuals wishing to build houses? A Central Bank of Nigeria B Nigerian Industrial Development Bank C Agricultural Credit Bank D Federal Mortgage Bank of Nigeria The primary objectives of the Nigerian Industrial Development Banks(NIDB) is the provision of loans to A farmers B manufacturers C setate agents D transporters One of the function of money is A double coincidence of wants B unit of accounts C indivisibility D making payment through banks only Money is demanded for which of the following reasons? A to meet unforseen contigencies B to solve the problem of inflation C it is easily divisible D it is portable The quantity theory of money states that a reduction in the quantity of money in circulation would bring about A a geometrical fall in prices B a proportionate fall in prices C a rise in prices D an unequal fall in prices which of the following is the most liquid asset? A Bank notes B Silver C Bank deposit D cheques