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Post Utme University of Nigeria Economics Past Questions and Answers

Post Utme University of Nigeria Economics Past Questions

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

View Answer & Explanation

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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

View Answer & Explanation

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Post Utme University of Nigeria Economics Past Questions and Answers

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