University of Nigeria Economics Post Utme Past Questions and Answers

Question 16 :

An advantage of electronic banking is that it ____________

A. Enables a customer to operate many accounts from different locations
B. Enables many customers to operate joint accounts
C. Enables a customer to operate his account from different locations
D. Reduces the risk of bank fraud

Question 17 :

The shape of the long-run average cost curve is best explained by the ____________

A. Law of diminishing returns
B. Iaw of returns to scale
C. Cost of fixed inputs
D. Cost of variable inputs