(A) Starting from no growth, a positive output growth rate would be associated with even higher
rates of investment (the accelerator effect)
(B) Higher investment causes a multiplied increase in income
(C) Such increases in income would continue to induce higher investment, which in turn would continue to cause multiplied increases in output.
(D) All of the above.
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The branch banking system is in vogue in most countries of the world in which country was it first developed:
(A) South Africa
(B) UK
(C) Canada
(D) Austrailia
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Which of the following is not a function of a commercial bank:
(A) Accepting public deposits
(B) Granting loans and advances
(C) Undertaking agency functions
(D) Banker to the government
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In which capacity does a person stand to gain from deflation:
(A) As a prisoner
(B) As a debtor
(C) As an enterprenur
(D) As an equity-holder
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The liquidity of trap condition occurs at a:
(A) Low rate of interest
(B) Very Low rate of interest
(C) High rate of interest
(D) Very High rate of interest
-
Which of the following is not an instrument of monetry policy:
(A) Taxation
(B) Bank rate
(C) Open market operations
(D) Credit rationing
-
“Bad money derives good money out of circulation” with whose name this law is associated:
(A) J M Keneys
(B) Thomas Gresham
(C) L E Mises
(D) R G Hartrawy
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When the commodity value of money and its value of money are equal is called:
(A) Token money
(B) Full bodid money
(C) Quassi-money
(D) Fat-money
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Which of the following is an example of quasi-money:
(A) Bills of exchange
(B) Cheque
(C) Bank notes
(D) Coins