Which of the following financial assets consist the lowest rate of interest in Nigeria?
commercial bills
call money
treasury bills
development loan stocks
deposits with the federal savings bank
Explanation
No explanation available
Video Explanation
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Discussions (26)
Call money is minimum short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to a fortnight.
@uncle91,Qd=20-4p, Qs=6p-2.
@equilibrium,: 20-4p=6p-2.
Collect like terms
=20+2=6p+4p
22=10p then divide b/side by 10
22/10=10p/10
P=2.2 quote me anywhere
guy d answer to dis quest in treasury it is d only instrument dat has low interest rate as for develope loan dat also called government stock nd example of dis are bond which higher interest depending on it redeemable nd irrideemable effect.
According to the provided information, Treasury Bills typically have the lowest interest rate in Nigeria.
Explanation:
Treasury bills are short-term debt instruments issued by the Central Bank of Nigeria (CBN) on behalf of the Federal Government of Nigeria (FGN). They are issued at a discount and repaid at par when they mature. Importantly, they do not yield any interest but rather offer a return through the discount. This discount represents the interest earned.
i feel the answer should be call money
it usually a loan between bank with usually short period of time like 24hr and cause of its short term the interest is usually small ,
the lender can call back the money whenever he see fit
pls u want to knw d right ans.if we r being guven Qd=20-4p and Qs=6P-2 an we r ask to find s equilibrium price.now my question s gw di we go abt it cus ve trues it n am d deriving at d rigth ans
@micheal matha Qd=20-4p....(1) = Qs=6p-2....(11) At Equillibrum Qd= Qs....(equ111), 20-4p=6p-2 collect d like terms 20+2=4p-6p (22=2p) .: divide both side by 2 (22/2 =2/2) now p=11
