Question 4556:

Banks can create more money by ____________

A. Increasing its cash ratio with the central bank
B. Issuing more bank cheques
C. Accepting more deposits from customers
D. Lending out more money from customers deposits

Question 4557:

If the marginal propensity to consume is 0.75 and private investment increases by ₦10 billion while government expenditure decreases by ₦15 billion GDP will decrease by ____________

A. #12 billion
B. #15 billion
C. #20 billion
D. #25 billion

Question 4558:

The economic system which relies mainly on the price mechanism for the allocation of scarce resources is known as ____________

A. Capitalist economic system
B. Command economic system
C. Combined economic system
D. Traditional economic system

Question 4559:

The theory of consumer behaviour is based on all the following assumptions except that the ____________

A. Consumer is assumed irrational
B. Consumer taste remains constant
C. Consumer has budget constraint
D. Consumer aims at maximizing his utility

Question 4560:

During the consolidation exercise most banks in Nigeria got the required capital through ____________

A. Mergers only
B. Mergers and acquisition
C. Acquisition only.
D. Getting money from people